Huawei and Bytedance are prime examples of a new regional approach to trade

Huawei and TikTok were two of the most successful examples of globalization. Huawei started as a small private firm in 1987 and has risen in just over 30 years to become a world champion in telecommunications. TikTok has succeeded over a much shorter time period. Having only launched in 2016, the video-sharing service is now the fourth most popular app in the world and has achieved 1.9 billion downloads worldwide. Both of these Chinese companies are now at the mercy of a widening geopolitical divide. The US has led an increasingly successful campaign to eliminate Huawei from the global market…

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