That client was ByteDance Ltd., the proprietor of the social-video app TikTok, which terminated a deal to keep its worldwide facts on Alibaba Cloud, a number of the humans said. When ending the relationship, ByteDance offered servers from Alibaba, they said.
The moves pondered Beijing-based totally ByteDance’s preference to address its own speedy-increasing cloud-computing desires, the humans stated. Growing U.S. Strain on the use of Chinese-owned computer services to shop Americans’ statistics extended the manner, one of the human beings stated. In August, the Trump management warned towards using Chinese cloud-computing services such as Alibaba’s.
In less than six months, China’s tech giant Ant went from planning a blockbuster IPO to restructuring in response to pressure from the central bank. As the U.S. also takes aim at big tech, here’s how China is moving faster. Photo illustration: Sharon Shi
