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

ByteDance has utilized for a tech export licence in China because it races to seal a take care of Oracle and Walmart that it hopes will finish US authorities plans to ban its TikTok video-streaming app on safety grounds.

The Beijing-based agency submitted the appliance to Beijing’s municipal commerce bureau and is awaiting a call, it mentioned in a press release on its Toutiao on-line information platform on Thursday, with out referring to ongoing talks over its US operations.

The utility comes a few month after China revised its listing of applied sciences subject to export bans or restriction for the primary time in 12 years, in a way which specialists mentioned gave the federal government a say over any TikTok deal.

ByteDance has mentioned its deal with Oracle and Walmart will see the creation of a standalone US firm and doesn’t contain any switch of know-how although Oracle will be capable to examine TikTok US supply code.

It has additionally mentioned the deal wants approval from each China and the United States.

However, the businesses have issued conflicting statements over the phrases of the settlement they reached with the White House, casting doubt over whether or not it is going to maintain.

ByteDance mentioned it is going to establish a US subsidiary known as TikTok Global of which it is going to personal 80 p.c.

Oracle and WalMart, nonetheless, mentioned majority possession of TikTok Global could be in American fingers, complying with an August 14 executive order by US President Donald Trump that ByteDance relinquish possession of TikTok inside 90 days.

Chinese state media shops China Daily and the Global Times this week said they see no purpose for China to approve the deal that Oracle and Walmart mentioned they’ve struck with ByteDance, calling it primarily based on “bullying and extortion”.

TikTok’s expertise is “a textbook example of the United States’ modern-day piracy and tech bullying,” Chinese state information company Xinhua mentioned in an English-language commentary on Thursday, including that nationwide safety issues 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 mentioned.

© Thomson Reuters 2020


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