Lates News

According to an agreement between Washington and Beijing, Oracle, Walmart, and Anderson Horowitz will control 80% of TikTok's US business. The Chinese shareholders of ByteDance will hold less than 20% of the shares in compliance with US law. A new American entity will manage the application's algorithm while data will be processed by Oracle in Texas. The Madrid talks set the framework for the progress confirmed by the US and Chinese presidents before the talks.