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Regarding the US business of the world-famous video-sharing app “TikTok,” President Trump said he “generally approved” the proposal that the software giant Oracle and others partner with Chinese companies, and expressed his support. Was. If the plan is eventually finalized, the use ban is expected to be bypassed.
On the 19th, President Trump told reporters, “Overall, I have approved it. It would be great if the deal were successful, and it doesn’t matter,” he said in support of the deal.
He stressed that it would be of interest to the United States, saying that “security is 100% and at least 25,000 jobs will be created.”
In response to this, the company issued a statement and established a new company to handle the TikTok business in the United States and around the world, and American companies such as Oracle and Walmart, a major retailer, will acquire the majority of the shares and will protect user information. Therefore, Oracle announced that it will provide technical cooperation. It also announced plans to list its shares within a year.
The Trump administration plans to ban the use of TikTok in the United States in November, but the ban is expected to be bypassed once the plan is finally finalized.
On the other hand, this alliance is expected to require the approval of the Chinese authorities, and the response from the Chinese side will also be the focus.
New download ban postponed for a week
The United States Department of Commerce has decided to ban new downloads of “Tik Tok” in the United States from the 20th of this month, but announced that it will postpone this measure for a week until the 27th of this month.
The reason is that progress has been made in the alliance negotiations.
Tik Tok Management Company “Consultation to meet the legal requirements of the United States and China”
ByteDance, a Chinese IT company running “TikTok,” commented: “Bybitance, Oracle and Walmart have reached a main agreement on TikTok so that US users can continue to use the application. Based on this agreement, the three companies will continue with discussions to comply with the legal requirements of the United States and China as soon as possible, “he said, making urgent adjustments to obtain the approval of the US and Chinese authorities.
