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TikTok’s parent company ByteDance has already started discussing the transfer of the app’s ownership to a tech giant Oracle. A new company, TikTok Global, would oversee US operations. President Donald Trump has approved the deal, which, according to him, will provide “‘100 percent” security.
“I have given the deal my blessing,” he said on September 19. “If they get it done, that’s great. If they don’t, that’s okay too.”
Trump has claimed TikTok poses a national security threat and gathers data for Beijing via ByteDance. The firm denied these allegations.
Chinese state-owned media, however, have sounded more sarcastic than optimistic while commenting on the US plan. In an editorial last week, the China Daily described the White House action against ByteDance as “banditry,” saying that “Beijing is unlikely to condone the White House’s strong-arm acquisition.”
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