From Bytedance's point of view that's correct but the Chinese gov. would almost certainly interpret giving in to this as an incentive for Washington to ask "whi

From Bytedance's point of view that's correct but the Chinese gov. would almost certainly interpret giving in to this as an incentive for Washington to ask "which sell off are we going to go for next". You'd effectively send the signal that this is a winning strategy to simply acquire Chinese firms by force. Beijing would almost certainly prevent that sale.