ByteDance founder and CEO Yiming Zhang s decision to drop his pursuit of a sale of TikTok s U.S. operations to Microsoft in favor of a partnership with Oracle was the culmination of pressure from the Beijing-based firm s investors as it searched for a deal to appease the United States and China,
China has promised retribution for Donald Trump’s decision to ban new downloads of TikTok and WeChat, escalating a bitter trade war between the superpowers. China’s Ministry of Commerce accused the US of “bullying” after US President Donald Trump followed through on an executive order requiring that the apps be sold to an American
The US Federal Trade Commission and Justice Department are probing allegations that TikTok has failed to meet its obligation to protect children s privacy under a agreement, Reuters reported Tuesday. Two sources told the news agency they participated in separate conference calls with the agencies regarding the accusations. TikTok is a wildly popular social