June 23, 2024


The business lovers

China Has Reasons to Like TikTok’s Trump-Approved Shotgun Deal

A White House-accepted approach to rework TikTok into a U.S.-primarily based company would maintain the procedure of the viral brief-video app, and probable the algorithm that has powered its rise, in Chinese hands. This construction increases the deal’s probabilities of locating favor in Beijing, which experienced threatened to veto a sale.

President Trump stated Saturday he experienced supplied his blessing to a offer that would see TikTok lover with Oracle Corp. and Walmart Inc. to kind a new entity known as TikTok Global that would provide services to TikTok’s latest…