TikTok's owner applies for Chinese license to close US deal
https://apnews.com/3820d30f1fbbdc806d13dcbd17dcd996
BEIJING (AP) — TikTok's owner said Thursday it has applied for a Chinese technology export license as it tries to complete a deal with Oracle and Walmart to keep the popular video app operating in the United States.
Beijing tightened control over technology exports last month in an effort to gain leverage over Washington's attempt to force an outright sale of TikTok to U.S. owners. The White House says the video service is a security risk because the personal information of its millions of U.S. users could be handed over to Chinese authorities.
TikTok's owner applies for Chinese license to close US deal
Sep 24, 2020, 2:49pm UTC
https://apnews.com/3820d30f1fbbdc806d13dcbd17dcd996
> BEIJING (AP) — TikTok's owner said Thursday it has applied for a Chinese technology export license as it tries to complete a deal with Oracle and Walmart to keep the popular video app operating in the United States.
> Beijing tightened control over technology exports last month in an effort to gain leverage over Washington's attempt to force an outright sale of TikTok to U.S. owners. The White House says the video service is a security risk because the personal information of its millions of U.S. users could be handed over to Chinese authorities.