ByteDance says proposal on TikTok still needs China, U.S. approvals
- Country:
- China
ByteDance's proposal for U.S. software firm to become a technology partner in its TikTok app still needs approval from Chinese and U.S. officials, the company said on Thursday.
The proposal envisages Oracle becoming a "trusted" technology partner, while a source familiar with the situation said ByteDance is to hold majority ownership of TikTok.
The Trump administration, which has raised concerns that TikTok could hand American user data to the Chinese government, has ordered a ban on it by Sept. 20 unless it is sold to an American firm.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
Advertisement
ALSO READ
Philippines conducts marine patrols to check presence of Chinese research ships
China 'deeply concerned' about U.S. reviewing Chinese vehicles
Germany opposed to trade curbs on Chinese solar panel imports
NEWSMAKER-Engaging Chinese diplomat, former anti-graft official tipped to be next foreign minister
Chinese among 3 held in Noida over Cambodia-linked cyber fraud