Triller Responds to TikTok
TRILLER BROUGHT A MULTI BILLION DOLLAR PATENT INFRINGEMENT SUIT AGAINST TIKTOK, TIKTOK ATTEMPTS TO SKIRT ACTION
LOS ANGELES, CA / ACCESSWIRE / November 16, 2020 / Triller today announced that it will not allow TikTok’s underhanded attempt to manipulate the US Court System to interfere in its pending action against TikTok for violating Triller’s Patents.
“It is quite telling that TikTok continues to use underhanded and manipulative tactics in the action Triller brought against it rather than just play by the rules, answer the complaint filed by Triller and let the court system determine the outcome,” said Mike Lu CEO of Triller.
“Instead they are throwing every sleazy legal tactic they can, showing they clearly are very concerned about this case.Attempting everything from trying to get our patents, which have been active for 5 years, “invalidated” by the patent office or trying to get the court venue moved, they are doing everything but actually answering for their violations,” He continued.
“TikTok’s actions show how desperate they really are.Throwing lawyers and money in an attempt to thwart Triller’s rights and due process and a proper hearing, as they know this is a multi billion dollar issue and could cause a massive part of TikTok’s functionality to shut down.We are not going to be bullied or intimidated no matter how big and powerful they are.We are hard working American company that believes in the American dream and will not let a Chinese government run company bully us and break all the rules,” Lu Continued.”We also find it shocking that any acquisition could be consummated without addressing this issue, as it is fundamental to TikTok’s ability to operate,” he concluded.
This announcement comes as TikTok was just given a 15 day extension from being banned in the US and on the heels of Fox News uncovering TikTok’s secret plan to dupe the American government into approving the sale of TikTok U.S, as reported in the link below.
Under the plan presented to the United States Government, TikTok presented Sequoia China, the larger shareholders of Bytedance, as an “American company” and in calculating the ownership, included this ownership as “American-owned”, in order to satisfy the conditions set forth by the United States Government.
Sequoia China is owned and run by Chinese national Neil Shen, who also founded it in in 2005.Sequoia China would remain one of the larger shareholders under the presented plan, and Neil Shen will continue to hold his position of power on the board.
Sequoia China is involved in the highest levels of the Chinese Communist Party, are owners of over 80% of Chinese unicorns, and help set the monetary policy of China.
Recently they presented a plan to create a China single crypto currency in order to help China take control of worldwide currency.
In the plan submitted to CIFIUS it appears that TikTok attempted to switch Sequoia China for Sequoia Capital.They are not the same.Sequoia Capital was founded in Menlo Park in 1972 by Don Valentine.
Sequoia China bears the name but has a Hong Kong – and Cayman- based domicile controlled by Chinese nationals and offices are in Beijing and Shanghai.
It is believed that Sequioa Capital is a limited partner and investor in Sequoia China.However, Sequoia China is not owned or controlled by a U.S.
entity, but rather a Chinese national, who has been surrounded by ties to the CCP for many years.
This information was presented and found by Fox news.
