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This seems self-explanatory to me. The US will do whatever it can to instigate color revolution -- having a record of doing so in the past, see Facebook being used for revolts in the Middle East -- so having companies that ultimately need to answer to the Chinese government rather than the US one is better for national security. It's also better for China's own economic development to have domestic companies need to figure out how to make decent platforms.
China has no such record of instigating revolts and historically is much more opposed to infringing on the sovereignty of UN members (except Vietnam ).
Exactly. What they use it for doesn't really matter, though implying China doesn't use soft power to control nations is really dumb. They may not invade, but they constantly use and advance soft power to influence other nations. I'm not saying there's anything particularly wrong with that as that's what nations do. They do do it though.
Your shrugging is incredibly annoying and disingenuous and "soft power" is being used to weasel completely illegitimate claims. Does China like doing soft power with its pop culture exports (such as they exist) and even the mere existence of platforms like AliExpress? Sure. Does a platform run more by western than China represent a threat by the latter to subvert the US? Not without actual substantiation.
China's interest in bilateralism is neither saintly nor even particularly based on being a Dictatorship of the Proletariat, but the fact that it knows that it wins by playing the long game and giving itself time to develop, while its main enemy is perhaps the most effectively pugnacious in world history (contrast with a state like the DPRK that talks a lot of shit but ultimately isn't getting into any new wars, just staying in the one it was founded under). China is averse to fomenting revolt in the US or elsewhere because it wants to undercut power politics and play to its strengths rather than those of its enemy. To do that, it has a reputation to uphold that it won't imperil with some hail mary tiktok brainwashing scheme that would certainly fail if it even had the power to pull it off (and, again, tiktok is already run by parties who don't take orders from China).
The US isn't doing this out of strategic interests against the platform inherently, it is doing it as some combination of a scapegoating kabuki theater and to pave the way for further protectionist policy by normalizing banning things just for being Chinese on a flimsy red scare pretext.
I think you've already had this quote paraphrased to you, but I didn't see it properly rendered, so here's the original:
From the excellent essayist Roderic Day, "Why Marxism?"