The clock is ticking for Beijing-based ByteDance to either sell TikTok's US operations or shut it down. The U.S. Senate voted late Tuesday by a wide margin to send legislation to President Joe Biden that could lead to a TikTok ban. If he signs the bill, as he is expected to do, TikTok would be forced to find a new owner within months or be banned from the United States entirely. The Chinese government is on the record opposing a sale as it does not want ByteDance to give up TikTok's algorithm. Analysts say the ramifications are profound -- the world could be further split into two tech spheres -- one aligned with the US, and the other aligned with China. National University of Singapore lecturer Alex Capri says: "A ban is a loss of soft power for Beijing, what little it has in the West. But a ban in the US will spark renewed efforts to spread China’s digital footprint in Southeast Asia, and other mostly developing markets world wide." CNN's Kristie Lu Stout reports.