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ByteDance says proposal on TikTok still needs China, U.S. approvals

Reuters | Washington DC | Updated: 17-09-2020 11:48 IST | Created: 17-09-2020 11:45 IST
ByteDance says proposal on TikTok still needs China, U.S. approvals
Representative image Image Credit: Twitter (@BytedanceTalk)

ByteDance's proposal for U.S. software firm Oracle 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.



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