WASHINGTON / NEW YORK : US President Donald Trump said he supports a deal that will allow TikTok to continue operating in the United States, after threatening to ban the Chinese-owned app in August. He told reporters at the White House that he backs the deal with TikTok owner ByteDance, …
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US President Donald Trump said on Saturday that he supported a deal in principle that would allow TikTok to continue operating in the United States, even as it appeared to conflict with his previous order that China’s ByteDance ditch the video app. . ByteDance was racing to prevent a crackdown …
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China’s ByteDance Ltd. seeks a $ 60 billion valuation for TikTok as Oracle Corp. and Walmart Inc. take stakes in the short-video app business to address U.S. security concerns, according to a person familiar with the matter. with the matter. Oracle and Walmart have the right to buy 12.5% and …
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TikTok’s parent company ByteDance has decided that it will not sell or transfer the algorithm behind the video-sharing app in any sale or divestment, the South China Morning Post reported, citing an informed source about the discussions in the TikTok’s boardroom. Chinese company. The company will not deliver the source …
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Zhang Yiming’s plan to sell the US operations of his short video app TikTok to avoid a shutdown was jeopardized after China asserted its authority over a deal that was already under scrutiny by the Trump administration. Beijing added uncertainty to already thorny negotiations on the sale of ByteDance Ltd.’s …
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[ad_1] Chinese regulators have ordered ByteDance Ltd. to temporarily suspend downloads of its nascent Slack-style office app after discovering content from banned sites like Facebook and Twitter, hitting the startup’s broader internet ambitions. The China Cyberspace Administration informed the TikTok operator that it must withdraw its Feishu office collaboration tool …
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