From pure PR perspective, it is a win for China; sometimes it is not about the money. US used to be much smarter those kinds of optics.
US used to be much smarter in general. Now that Trump is starting a 2nd term on Monday, the world over now realizes the US is comprised of a bunch of imbeciles. We've lost our prestige, and we'd been trading on it for a long, long time.
>sometimes it is not about the money.
Yes, that's precisely the argument of the pro-ban faction. China doesn't allow TikTok in China. It's not about the money, it's about control over a medium that can be exploited for influence, or at the very least the effects of that platform on its audience.
It's silly to pretend like ByteDance are acting on principle. Go post an LGBT meme or refer to Lai Ching-te as the "President of Taiwan" on Red Note and see how long that lasts.