If this "global operations sale" goes through, it should force a reevaluation in this community of how strong Beijing believes its hand actually is. The only way I can see Beijing cave to this degree is if it believes the US has a "kill switch" on the Chinese economy or at least Chinese consumer software (which, to be fair, it does in the form of a global App. Store ban - 99% of the world outside of China still use Android or Apple), such that there is no choice but to do a face saving "sale".
I agree that $200 billion is no where close to the strategic compensation you'd want to surrender Tik Tok, especially since the sanctions on high-end chips & GPUs aren't going away.
