TikTok owner ByteDance would prefer to shut down its loss-making app rather than sell it if the Chinese company exhausts all legal options to fight legislation to ban the platform from app stores in the U.S., four sources said.
I never understood what it would help to have the data on a US server. It's not that difficult to access it there from China. I access my server in Germany via SSH from Korea.
Again, China does not run the company, they just own the leash on the private entrepreneurs who do. That's one of Deng's benefits for implementing capitalism. (mildlyinteresting: the word capitalism isn't capitalized)
Assuming China doesn't have to spend literally any other money, even though countries are constantly investing in infrastructure and security and material to assist the business.
You won't just stop the maintenance if TikTok didn't exist. It's not like all China cares about is data.
Your question was "why would China get data from TikTok when they can just buy it from Meta". If China didn't get the data from ByteDance, ByteDance still incurs the maintenance fee. So no, that is not the expense of getting the data.
The executive order is specifically targeting data brokerage, a practice that is shockingly unregulated. There is no federal law that oversees the collection of and sale of the most intimate details of our lives. And when data is sold to countries of concern, it can become a national security issue.
It's good the bare minimum is being implemented.... though it's weird how two months have passed without updates.