Yes, but under China's strict rules about doing business there; government oversight, Chinese senior management, party representative, etc.

I mean if Tiktok did the same thing in the US there probably would be less of an issue, but they are unwilling to allow the same restrictions / oversight as the US companies are subjecting themselves to in China.

probably because China is a larger market? for example, how many cars are sold in the US? it is a relatively small market compared to the Chinese market.

Think often-mentioned tarifs. It's per sector. In this case, facebook, google, twitter/x are banned, thus tiktok gets banned too. That's how gvt operates; steel for steel, cars for cars, social media for social media... Aside examples of how its actually to own and operate a business in china vastly different than US (local partner with a significant share, board control, oversight..).