The downvotes without counterargument are frankly chilling given what I'm saying. But I
am actually interested in dialog, so let me expand a little:
American (online or not) media, advertising and tech companies have been vastly successful all over the world, and that has - rightfully, to a large degree - been attributed to the quality of their products.
Now there's a successful tech company from China, and you're saying that means they must be banned or expropriated because they could influence public opinion? That's peak hypocrisy.
Yes, China has done similar things. But that's an unfree, communist country! Stooping to their lows makes you wrong, not right.
The other comments here pointing to how the EU could act similarly towards FAANG or Tesla are spot on. It definitely shouldn't in my opinion, but if it did I guarantee you you'd hear the same gleeful "good for you" rhetoric from this side of the Atlantic.
It would make a few people feel all fuzzy and energized for a while, but in the long term it would simply destroy the free, open exchange of goods, people and ideas that has done so much for us and that's dear to so many of us. Thankfully, EU leaders aren't (yet) that unwise apparently.