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China Daily / 2020-09 / 16 / Page003

TikTok offer would keep Chinese firm on board

By He Wei in Shanghai | China Daily | Updated: 2020-09-16 00:00

Technology company Oracle's bid to potentially become TikTok's technology partner in the United States indicates that there may be technical solutions available to address US concerns instead of going to great lengths to ditch Chinese ownership, according to experts.

The short video app has chosen Oracle as a "trusted technology partner" to operate in the US as a way to avoid a ban, but the proposed deal still requires regulatory clearance from the government's Committee on Foreign Investment in the United States.

The development of Oracle taking over stewardship of the popular short video app in the US came just after TikTok parent Byte-Dance turned down an offer from Microsoft.

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