They are not the same. One manipulates and exploits its own country’s citizens for profit, the other exploits and manipulates both its own and citizens of other countries for profit and government data collection.
While TikTok doesn’t offer financial incentive to any US corporation, it certainly offers incentives to the users of the platform.
Let’s not move the goalposts/butwhatabout to talking about minors using social media or Chinese manufacturing, that’s too much to get into and keep it focused on the communist/capitalist debate and why TikTok is being treated as it is.