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It's completely sensible - Why would you just hand over your crown jewel to a competitor?

(At the same time, it doesn't seem like China really cares for its tech industry, given how many times they've sabotaged it. It is possible they don't care about what happens with TikTok.)

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its not that they dont care, they care a lot. chinese way of thinking is if you know how its made/how it works you can always make more, make another. no company is above the govt, china.

It is not handing over. It is selling for a price. I think there IS a price that ByteDance would sell.

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