ByteDance’s deal with Oracle over the video-sharing platform TikTok is unlikely to be blocked by Beijing, domestic analysts say, since it does not involve the sale of any source code or Chinese data to the US.
Under the terms of the agreement, which now requires approval from the US government, ByteDance will become the majority shareholder in a new US-based company that runs TikTok’s global business.
As ByteDance’s “technical partner”, Oracle will independently process TikTok’s US data and possibly data from across the globe, as well as holding a minority share in the new company.
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