• Privacy Policy
  • About Us
  • Contact Us
  • Home
  • Business
  • Computers
  • Gear
  • Real Estate
  • Review
  • Technology
No Result
View All Result
  • Home
  • Business
  • Computers
  • Gear
  • Real Estate
  • Review
  • Technology
No Result
View All Result
Cartographeum
No Result
View All Result

ByteDance Applies for Tech Export Licence in China Amid TikTok Deal Talks

Juliet Woodard by Juliet Woodard
September 24, 2020
Home Technology
Share on FacebookShare on Twitter

ByteDance has applied for a tech export licence in China as it races to seal a deal with Oracle and Walmart that it hopes will end US government plans to ban its TikTok video-streaming app on security grounds.The Beijing-based firm submitted the application to Beijing’s municipal commerce bureau and is awaiting a decision, it said in a statement on its Toutiao online news platform on Thursday, without referring to ongoing talks over its US operations.The application comes about a month after China revised its list of technologies subject to export bans or restriction for the first time in 12 years, in a manner which experts said gave the government a say over any TikTok deal.ByteDance has said its deal with Oracle and Walmart will see the creation of a standalone US company and does not involve any transfer of technology though Oracle will be able to inspect TikTok US source code.It has also said the deal needs approval from both China and the United States.However, the companies have issued conflicting statements over the terms of the agreement they reached with the White House, casting doubt over whether it will hold.ByteDance said it will establish a US subsidiary called TikTok Global of which it will own 80 percent.Oracle and WalMart, however, said majority ownership of TikTok Global would be in American hands, complying with an August 14 executive order by US President Donald Trump that ByteDance relinquish ownership of TikTok within 90 days.Chinese state media outlets China Daily and the Global Times this week said they see no reason for China to approve the deal that Oracle and Walmart said they have struck with ByteDance, calling it based on “bullying and extortion”.TikTok’s experience is “a textbook example of the United States’ modern-day piracy and tech bullying,” Chinese state news agency Xinhua said in an English-language commentary on Thursday, adding that national security concerns that Washington has expressed over TikTok are “nothing but a fig leaf”.”It is time that other countries saw through the outrageous farce of the TikTok drama, knew what is really at stake, and joined hands to oppose such blatant robberies and maintain a fair global business environment,” it said.© Thomson Reuters 2020Are Apple Watch SE, iPad 8th Gen the Perfect ‘Affordable’ Products for India? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts, Google Podcasts, or RSS, download the episode, or just hit the play button below.

Juliet Woodard

Juliet Woodard

Next Post
Gold plunges ₹ 1,492, silver tanks ₹ 1,476

Likhitha Infra sets IPO band at ₹117-₹120

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended.

Toyota unveils compact SUV Urban Cruiser from ₹8.4 lakh

Toyota unveils compact SUV Urban Cruiser from ₹8.4 lakh

September 24, 2020
‘Raise private bank promoter cap to 26%’

‘Raise private bank promoter cap to 26%’

November 20, 2020

Trending.

Understanding Emergency Rental Assistance For Landlords And Tenants

Understanding Emergency Rental Assistance For Landlords And Tenants

January 27, 2021
Call of the mall – The Hindu

Call of the mall – The Hindu

October 16, 2020
Rock Legend Gene Simmons Kisses His California Estate And High Taxes Goodbye

Rock Legend Gene Simmons Kisses His California Estate And High Taxes Goodbye

November 1, 2020
Should You Consider A Career As An Apartment Lease-Up Specialist?

Should You Consider A Career As An Apartment Lease-Up Specialist?

February 4, 2021
Webinar on weather and its impact on business on November 19

Webinar on weather and its impact on business on November 19

November 16, 2020

Cartographeum brings you the latest information about Tech,Real Estate & Business.

Follow Us

Categories

  • Business
  • Computers
  • Gear
  • Real Estate
  • Review
  • Technology
  • Uncategorized

Tags

Amazon Apple Watch 2 Bombay stock exchange BSE Business Buying Guides china closing trade coronavirus Covid COVID-19 currency dollar rate economy Finance Ministry foreign exchange forex gold india indian economy Indian stock market Industry iOS 10 lockdown luxury homes market and exchange markets nifty Nirmala Sitharaman NSE oil pandemic Playstation 4 Pro rbi real estate Reserve Bank of India rupee rupee rate Rupee value rupee vs dollar sensex Sillicon Valley stock exchange Stocks USD

Recent News

Sellers, Price Right Or Prepare To Wait

Sellers, Price Right Or Prepare To Wait

March 3, 2021
Housing Affordability Inches Down, Despite Record-Low Mortgage Rates

Mortgage Rates Hit Highest Point Since Last July; Will They Keep Rising?

March 3, 2021
  • Privacy Policy
  • About Us
  • Contact Us

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Home
  • Review
  • Computers
  • Gear

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.