A Deal Between TikTok and U.S.-Based Oracle Will Need Beijing's Approval, the App's Owner ByteDance Said
https://www.entrepreneur.com/article/356312
Beijing will need to approve a proposed partnership between video app TikTok and U.S. tech firm Oracle before it goes ahead, the app's Chinese owner ByteDance said Thursday.
The proposed deal, submitted to the Trump administration on Monday, involves the American company becoming ByteDance's "trusted technology provider" and moving TikTok's global headquarters to the U.S.