Tuesday, 22 Sep 2020 11:09 AM MYT
SHANGHAI, Sept 22 ― A deal China's ByteDance has struck with Oracle Corp and Walmart Inc over the future of its video-streaming app TikTok is unlikely to receive Chinese government approval, state-backed newspaperByteDance has said it will create a US subsidiary, TikTok Global, that will be part-owned by Oracle and Walmart ― which in turn said TikTok Global's board would comprise mainly Americans ― to pacify the administration of US President Donald Trump which had planned to ban TikTok...
The unidentified author objected to a requirement that four of the five board seats of TikTok Global be occupied by Americans and only one reserved for a Chinese national, as well as the inclusion of a US-approved “national security director”. “As TikTok and Douyin should have the same source code, this means the US can get to know the operations of Douyin,” the editorial continued.
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ByteDance, Oracle at loggerheads over terms of TikTok agreement | Malay MailNEW YORK, Sept 22 — ByteDance and Oracle Corp issued conflicting statements yesterday over the terms of an agreement they reached with the White House over the weekend to allow TikTok to continue to operate in the United States, casting doubt on President Donald Trump's preliminary blessing of...
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Global Times: Beijing unlikely to approve ByteDance’s TikTok deal with OracleA deal China’s ByteDance has struck with Oracle Corp and Walmart Inc over the future of its video-streaming app TikTok is unlikely to receive Chinese government approval, state-backed newspaper Global Times said in an editorial.
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Trump vows to block any TikTok deal allowing Chinese control | Malay MailWASHINGTON, Sept 21 — President Donald Trump today threw into doubt a deal to restructure ownership of the popular video app TikTok, vowing to block any deal that allows its Chinese parent firm to retain any control. The comments raised fresh concerns over a weekend deal that appeared to avert a...
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Trump vows to block any TikTok deal allowing Chinese controlByteDance says it will have a majority 80% stake in the new US-based TikTok company. FMTNews DonaldTrump
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