GSK's image took another blow this week after Chinese authorities formally slapped charges on Briton Peter Humphrey and his American-Chinese wife Yu Ying Zeng for violating the country’s privacy laws. They were detained last year along with a number of GSK executives following after a major bribery scandal came to light. According to the state news agency Xinhua the couple illegally obtained private information on a number a large number of private individuals, including household registration data, real estate and vehicle documents, as well as phone records.
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Under the arrangement that has been waved through by President Trump, ByteDance will create a new US-headquartered company called TikTok Global that will be majority owned by US investors.