TikTok US Operations are not for Sale

Sep 25,2024
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An English TV station owned by Chinese State, CGTN, confirmed that ByteDance will sell TikTok US Operation neither to Microsoft nor to Oracle and won't give its source code to any US firm.

Multiple sources report Oracle is working on a more complicated deal with ByteDance, including becoming technology partners and stakeholders in each other’s entities.

CGTN revealed that the Chinese government has issued a revised catalogue of technologies that are subjected to export bans or restrictions. The state-owned TV reminded that ByteDance “boasts a number of cutting-edge technologies in artificial intelligence and other spheres” and some of them are close to the articles in the revised government document.

Specialists argue that these updates in policies are done only to prevent TikTok from becoming a US-owned company without obtaining a license from the Chinese government. In the updated list of policies “personalized information push service technology based on data analysis” and “AI interactive interface technology” can also be found in the portfolio of ByteDance.

The company is not commenting on this, the chairman has simply that the company “is developing solutions that will be in the interest of users, creators, partners, and employees”.