A recent report states that Attorney General William Barr remains unconvinced that a recently announced partnership between the Chinese-owned social media app TikTok and U.S. companies Oracle and Walmart will safeguard user data from Chinese spying.
The Chinese-owned video-sharing app TikTok recently laid out a partnership with U.S. companies Oracle and Walmart in a deal that has delayed the banning of the app for American users — here are five key facts about the deal currently pending government approval.
A recent report shows that tensions between TikTok and its potential U.S. partner, Oracle, have risen as a debate over the ownership structure of the potential U.S.-based corporation continues.
Several of China’s top tech companies — including TikTok owner ByteDance, telecom giant Huawei, and Alibaba — have recently chosen to expand their business ventures to Singapore as part of China’s economic plan for “global expansion,” the Chinese Communist Party (CCP) mouthpiece Global Times reported on Sunday.
Chinese state media trumpeted this weekend’s tentative deal between China’s ByteDance and U.S. companies Oracle and Walmart for control over the social media platform TikTok as a major victory for the Chinese firm against “U.S. hegemonic suppression.”
TikTok’s parent company, ByteDance, has emphasized that it will remain in control of the TikTok Global business which appears to contradict President Trump’s recent statement that the entity will be direct by Americans and pay a $5 billion fee to the U.S. government.
President Trump has approved a deal that would create a partnership between the Chinese app TikTok and Oracle and Walmart to manage TikTok’s operation in America. TikTok’s Chinese parent, ByteDance, will own a majority share of the company and maintain ownership of TikTok’s all-important algorithms.
“I have given the deal my blessing,” Trump told reporters as he left the White House for a rally in North Carolina. “If they get it done that’s great. If they don’t, that’s ok too, but it’s a great deal for America.”
China’s state-run Global Times on Thursday praised “defiant” ByteDance, parent company of the video microblogging platform TikTok, for refusing to sell full control of the platform to an American company to avoid getting banned by the Trump administration.
A recent report by Reuters claims that the U.S. Commerce Department plans to block downloads of the Chinese-owned apps TikTok and WeChat in the United States by Sunday, September 20. This claim, made by three sources, could indicate the Trump White House is not satisfied by the Oracle deal to be a “trusted” partner for TikTok’s Chinese owner, ByteDance.
As Silicon Valley giant Oracle faces backlash over its recent deal with Chinese company ByteDance to enter a partnership with TikTok, the company has promised to review the video-sharing app’s source code and software to ensure that there are no software backdoors that could be accessed by the Chinese government.
President Donald Trump stated during a press conference that he is not prepared to sign off on a recently announced partnership between Silicon Valley giant Oracle and the Chinese-owned app TikTok until national security concerns are completely alleviated.
Chinese state media praised the proposed deal between TikTok creators ByteDance and Oracle Corporation on Tuesday, with the Communist Party’s Global Times saluting it as recognition for “the hard-won efforts of the Chinese company amid a lack of trust between the world’s two largest economies.”
According to a recent report, Microsoft’s reference to the Chinese-owned social media app TikTok as a “security risk” offended the company’s CEO, Yiming Zhang, resulting in the sale of TikTok to the tech giant falling through.
Oracle has won the bidding to take over the U.S. operations of the Chinese-owned social media app TikTok, beating out Microsoft in a deal to allow the platform to continue operating in the United States. According to some sources familiar with the deal, it is closer to a “partnership” than an outright acquisition.
TikTok’s Chinese parent company, ByteDance, is reportedly entering negotiations with the United States government to discuss possible arrangements that would allow the video-sharing app to avoid a full sale of it’s U.S. operations.
Despite many troubling issues being raised around the country’s privacy laws, China has taken the initiative to release a “global standard for data security initiative” that it hopes will be adopted worldwide.
A dangerous social media challenge on TikTok has resulted in the tragic death of an Oklahoma teenager by overdose.
Walmart has announced a new annual subscription-based membership called Walmart+ as the company attempts to compete with e-commerce giant Amazon.
TikTok user Aly Sherb’s grandmother is getting a lot of attention for holding onto a McDonald’s hamburger meal she reportedly bought in 1996.
The sale of the Chinese-owned social media app TikTok to a U.S. company may be shut down as China rewrites a number of export rules to give itself the power to veto certain sales, ultimately giving the communist government power over the TikTok deal.
Walmart has confirmed this week that it is teaming up with tech giant Microsoft in an attempt to purchase the Chinese-owned social media platform TikTok.
Kevin Mayer, the CEO of the Chinese-owned video-sharing app TikTok, has left his role at the company just months after taking the helm as the company faces continued scrutiny from the Trump administration over national security concerns.
According to a recent report, Facebook CEO Mark Zuckerberg warned President Donald Trump at a White House dinner last October about the dangers that Chinese tech firms pose to the American economy.
A former server who received a $1,000 tip in 2017 is doing the same thing for other workers in Nashville, Tennessee.
The Taiwanese government announced on Thursday that it will block video streaming services from Chinese mega-corporations Tencent and Baidu.
Los Angeles Mayor Eric Garcetti ordered the power to be shut off at TikTok influencers’ “party house” over gatherings at the residence in violation of new rules implemented in the wake of the Chinese coronavirus pandemic.
“I think Oracle is a great company, and I think its owner is a tremendous guy,” Trump said referring to cofounder Larry Ellison. “He’s a tremendous person.”
Tech giant Oracle, considered Google’s arch-enemy in Silicon Valley, has reportedly joined the race to purchase the U.S. operations of the Chinese-owned app TikTok. Microsoft had previously announced plans to negotiate a purchase of the social media company.
Rapper and fashion mogul Kanye West took to Twitter on Monday to proclaim that as a Christian father, he “was disturbed by a lot of the content” on the Chinese-owned social media app TikTok.
