Chinese government would rather close TikTok than sell it
TikTok developer ByteDance, which operates from China, hopes to get out of a US ban that President Donald Trump had promised.
Trump gave ByteDance ninety days on August 14 to sell the American branch of TikTok to an American company. If there was not a deal in time, the US would ban the app.
According to Trump, TikTok is a threat to national security in the country. He is afraid that the app, which is originally Chinese, will pass on data from American citizens to the Chinese Communist Party.
With the partnership, Oracle would become responsible for the data of US users of the video service. Oracle is also negotiating to acquire a stake in TikTok’s US arm.
Microsoft was also in the race to take over the US arm of TikTok, but earlier on Sunday Microsoft announced that they had been informed by ByteSoft that the deal would not go through.
The news has not yet been confirmed by either side, and it is unclear whether Trump and the Chinese government will agree. with this partner construction.
At the end of last week, it turned out that the Chinese government would rather see the popular TikTok app close its doors than forcibly sold. The country would fear it would appear weak if some of the app is sold to the United States, sources wishing to remain anonymous.
TikTok took the US government to court last month over the impending ban in the US. TikTok writes in the indictment that Trump has no evidence to substantiate that TikTok is a threat to national security. The company says it has taken “extraordinary measures” to protect the privacy and security of US TikTok users.