Tag Archives: bytedance

Trump Approves TikTok With California Based Company Oracle

tiktok oracleDonald Trump has approved a deal which will see Oracle lead a coalition to buy TikTok from Chinese company ByteDance.

Last month Trump ordered that ByteDance sell TikTok, or else it would be shut down in the United States. About 100 million Americans use TikTok and U.S. officials have expressed concern about user data and the potential for China to access that data.

On Saturday, shortly before departing for a campaign rally in North Carolina, the president said he had given the green light to an offer made by California-based Oracle, working in a partnership with Walmart. ‘I have given the deal my blessing,’ he said, adding that the agreement ‘will have nothing to do with China.’ He continued: ‘It’ll be totally secure, that’s part of the deal.’

TikTok, known in China as Douyin is a Chinese video-sharing social networking service owned by ByteDance, a Beijing-based Internet technology company founded in 2012 by Zhang Yiming. It is used to create short music, lip-sync, dance, comedy and talent videos of 3 to 15 seconds, and short looping videos of 3 to 60 seconds. ByteDance first launched Douyin for the Chinese market in September 2016. Later, TikTok was launched in 2017 for iOS and Android in most markets outside of mainland China; however, it only became available worldwide, including the United States, after merging with another Chinese social media service Musical.ly on 2 August 2018.

Hickory Dickory Dock Will President Trump Buy TikTok

tik tok donald trump

The TikTok vs Donald Trump saga continues.

Donald Trump has reportedly told Microsoft’s CEO he ‘may allow’ the company to buy TikTok in the United States – but only if the app is completely separated from Beijing.

Microsoft Corp said on Sunday that it would continue discussions to acquire TikTok the popular short-video app from Chinese internet giant ByteDance.

The president had threatened to ban it as early as Saturday.

The company made the statement following a conversation between is CEO Satya Nadella and Trump.