Reported about 17 hours ago
Discussions led by the White House about TikTok's future are focusing on a plan for major non-Chinese investors in ByteDance to increase their stakes and take over the app's U.S. operations. The proposal aims to create a U.S. entity for TikTok, reducing Chinese ownership below 20% to avoid a U.S. ban, with Oracle managing U.S. user data to ensure it remains inaccessible from China.
Source: YAHOO