TikTok might return if China accepts the deal with US Multinational Company
By Suvan Bose
On Thursday, the Chinese company said that China will be required to accept ByteDance’s considered deal with Oracle Corp for its TikTok app, showing how its bid to avoid a ban in the United States would be later complicated.
Oracle has submitted an offer to the Trump administration that will permit it to become a technology partner in the TikTok app, as ByteDance plans to avert a Trump order that it remove TikTok’s U.S. operations.
The proposal estimates making TikTok Global a U.S.-headquartered company.
But on Wednesday U.S. President Donald Trump lifted questions about ByteDance’s plans to keep a majority stake in TikTok’s U.S. operations and told that he did not like the idea of the Chinese firm maintaining control, following six Republican lawmakers requested him to reject the proposal.
Trump has told he may ban TikTok in the United States as early as Sunday if ByteDance does not follow among U.S. concerns that the company can pass user data to China’s Communist Party government.
A complete sale of TikTok’s activity or technologies was not counted in ByteDance’s offer to the United States, Chinese state media stated on Thursday indicating a different statement from the company.
China late previous month updated its export control rules to hand over it a say over the pass on of technology like the TikTok’s user recommendation algorithm to overseas buyers.
ByteDance and its founder Zhang Yiming have suffered public disapproval in China for presumed to give in to U.S. pressure after it was reported it was deliberating a sale of TikTok’s U.S. operations to Microsoft Corp. Some netizens told that they might stop using Douyin, ByteDance’s Chinese version of TikTok.