However, this is unprecedented as the US isn’t giving TikTok a law to adhere to. It’s just a ban.
It’s absurdly disingenuous.
1. China has many industries that outright ban US company participation.
2. “Adhering to the law” involves giving a Chinese company 51% control of the joint venture and forced IP transfer so that your company can be replaced ASAP.
3. China arbitrarily and capriciously enforces the law to the extent that “following the law” is impossible.
China has often punished western companies for doing things outside the country for which there is no law to violate. Just look at what happens if your parent company lists Taiwan in a drop down on their website (outside of China).
The requirements may have been too steep for others e.g. source code disclosure.