TIKTOK'S OWNER APPLIES FOR CHINESE LICENSE TO CLOSE US DEAL
Techlife News|September 26, 2020
TIKTOK'S OWNER APPLIES FOR CHINESE LICENSE TO CLOSE US DEAL
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.

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September 26, 2020