SHANGHAI - China is unlikely to approve an “unfair” deal Oracle Corp and Walmart Inc said they have struck with ByteDance over the future of video-streaming app TikTok, the state-backed Global Times newspaper said in an editorial.
Hu on Tuesday, responding to comments Trump made to Fox News about how TikTok Global was going to be “totally controlled” by Oracle, said on Twitter: “Stop extorting. You think TikTok is a company from a small country?” China’s government has largely refrained from directly commenting on the deal’s details, though the foreign ministry has said the United States should offer a fair and non-discriminatory environment for foreign companies.
The deal requires approval from regulators in both Beijing and Washington, ByteDance has said. China’s Ministry of Commerce in late August revised a tech export control list that experts said would give it regulatory oversight over any TikTok deal.MAIN OBJECTIONS It also denounced the need for ByteDance to reveal source code to Oracle as part of the latter’s role of “trusted technology partner” and criticised the likelihood of TikTok Global blocking Chinese access to its app.
“If the reorganization of TikTok under U.S. manipulation becomes a model, it means once any successful Chinese company expands its business to the U.S. and becomes competitive, it will be targeted by the U.S. and turned into a U.S.-controlled company via trickery and coercion, which eventually serves only U.S. interests.”
Cancel the deal. Ban the app. Problem solved.
I would be very surprised if China approved US takeover.
After Walmart and Oracle telling the world it was about to steal the company off TikTok with the help of the American Government, I can see why.
Who cares what China thinks about what happens in America? It's like trying to reason with someone drunk or high
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
TikTok Can Stay, Thanks to Oracle and WalmartThank you Oracle and Walmart... tiktok
Source: papermagazine - 🏆 409. / 53 Read more »
Beijing unlikely to approve ByteDance's TikTok deal with Oracle - Global TimesA 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. ban TikTok Just fucking ban tiktok_us already This is the dumbest tug of war I’ve ever seen in my entire life.
Source: Reuters - 🏆 2. / 97 Read more »
Beijing unlikely to approve ByteDance's TikTok deal with Oracle: Global TimesA 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. just as well... China doesn’t need US Market for this product. yes Tik Tok, since it involves national security, it is not the United States has the final say. Great! Now, can TikTok , wechat and all those Chinese apps just leave the free internet world and return to China's Great Firewall cage?
Source: Reuters - 🏆 2. / 97 Read more »
What Oracle and TikTok stand to gain from a partnership - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
TikTok and Oracle Spar Over Ownership, Threatening DealThe potential role of TikTok‘s Chinese owner in a newly created company involving Oracle remains a point of contention despite steps toward an agreement over the weekend. good China will not approve the deal short $ORCL It’s cool our President will just take the company from you
Source: WSJ - 🏆 98. / 63 Read more »
ByteDance, Oracle at loggerheads over terms of TikTok agreementByteDance and Oracle Corp issued conflicting statements on Monday 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... TikTok has helped so many youth. Who is going to do a clean sweep of that product to make sure the Chinese have not buried any malware code. A legal racket, blackmail and seizure. Would someone block Oracle assets worldwide? An international investigation of any kind?
Source: Reuters - 🏆 2. / 97 Read more »