US President Donald Trump has approved in principle a proposed deal between Oracle and TikTok for the Chinese video-sharing app to continue to operate in the US under a new entity, TikTok Global. Photo: Reuters US President Donald Trump has approved in principle a proposed deal between Oracle and TikTok for the Chinese video-sharing app to continue to operate in the US under a new entity, TikTok Global. Photo: Reuters
US President Donald Trump has approved in principle a proposed deal between Oracle and TikTok for the Chinese video-sharing app to continue to operate in the US under a new entity, TikTok Global. Photo: Reuters

After criticism in China for ‘kneeling down’ to the US, ByteDance affirms its control over TikTok Global

  • US President Donald Trump says TikTok Global will be ‘totally controlled by Oracle and Walmart’
  • ByteDance, however, says the US-based entity will be its wholly owned subsidiary, and that it will retain a controlling stake after a pre-IPO funding round

Topic |   TikTok ban
US President Donald Trump has approved in principle a proposed deal between Oracle and TikTok for the Chinese video-sharing app to continue to operate in the US under a new entity, TikTok Global. Photo: Reuters US President Donald Trump has approved in principle a proposed deal between Oracle and TikTok for the Chinese video-sharing app to continue to operate in the US under a new entity, TikTok Global. Photo: Reuters
US President Donald Trump has approved in principle a proposed deal between Oracle and TikTok for the Chinese video-sharing app to continue to operate in the US under a new entity, TikTok Global. Photo: Reuters
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