Under the pretext of protecting American national security, Donald Trump ordered ByteDance to find an American buyer for TikTok by November 12. After weeks of hesitation, Oracle and Walmart finally announced their intention to buy the Chinese app. For now, the deal between ByteDance and the two American companies has not yet been signed.
On November 12, the Trump administration finally granted the Chinese group a new 15-day reprieve. As we can read on the official website of the United States Treasury Department, ByteDance is now Until November 27, 2020 to comply with government requirements. “This extension will give the parties additional time to resolve the issue.” U.S. Treasury Department spokeswoman Monica Crowley said:
15 days to complete TikTok takeover by Oracle and Walmart
Among the conditions set by the United States for the acquisition of TikTok, we find the obligation to completely rewrite the code of the application and store it on servers located in the United States. TikTok, which has 100 million users in the United States and 700 million worldwide, is trusted algorithms It has the ability to highlight videos that are most likely to interest users. To do this, the app adapts to users’ tastes and interests. TikTok’s entire success is based on these algorithms.
China, for its part, prefers this TikTok algorithms remain owned by ByteDance. Moreover, China bans Chinese companies from exporting technologies such as artificial intelligence or content recommendation algorithms.. In this case, the application code will be stored on Chinese servers. In response to this new delay, ByteDance claims that: “We are keen to reach a solution that will address security concerns.”For now, it’s unclear how ByteDance, Oracle and Walmart will reach a deal that is approved by both Beijing and Washington.
