Beijing unlikely to approve ByteDance's TikTok deal with Oracle: Report

ByteDance has said it will create a US subsidiary, TikTok Global, that will be part-owned by Oracle and Walmart - which in turn said TikTok Global’s board would comprise mainly Americans - to pacify the administration of US President Donald Trump which had planned to ban TikTok on security grounds.

from Hindustan Times - world https://ift.tt/33P645l