Making ByteDance sell 80% to US companies is a win for the powers that be because then that too can be manipulated by right-wing oligarchs.
I don’t trust Chinese companies all that much either, but Mitt Romney outright said this was about Palestine, you can see another reply of mine below with a link.
I get where you’re coming from, but if someone can get away with doing things associated with a group that’s shorthand in the West™ for the worst people in the world, I do think that’s a problem too.