John Moolenaar: “I believe Xi Jinping views this is a strategic asset.”

“China has made a lot of money because of that, but they've also used it in a way that allows their information, their propaganda to be propagated. They control the algorithm and that's why we pass that bipartisan law. So I believe Xi Jinping views this is a strategic asset. That's why he didn't want to sell it to some of the other American companies that were interested in purchasing it.” (06:01–06:07)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.