Similar Stories to Tiktok Fact-checks: Us Ipo, Chinese Ownership, $5b In Taxes on Bing News

Rita Liao, TechCrunch
Sun, 09/20/2020 - 9:32pm

There is no shortage of speculation and reports around TikTok’s future in the U.S. Amid a swirl of rumors, TikTok’s Chinese parent ByteDance issued a statement (in Chinese) on Monday morning, bringing clarity to its ongoing deal that has captured global attention over the past few weeks. ByteDance is still the owner China’s ByteDance confirms it will retain an 80% stake in TikTok after selling a total of 20% to Oracle, its “trusted technology partner,” and Walmart, its “commercial partner.” But the arrangement doesn’t address the core of many observers’ worries, as my colleague Jonathan Shieber argued: “The deal benefits everyone except U.S.

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Topics:  u.s    tiktok s chinese   china s   jonathan shieber    u.s     u.s    sitting   zhang   yiming   walmart ceo doug mcmillon   us ipo    u.s    ipo   notably    tiktok global     u.s     u.s    american    tiktok s    u.s     revealing   microsoft s transparency center   cisco   bonn   germany   it s   beijing s    u.s     u.s    educational    u.s    in china   english-learning   gogokid   minerva   u.s    tiktok   tiktok s   chinese   china   oracle   walmart   bytedance   tax   security   reports   billion   deal   app   video   total   concerns   statement   ongoing   dollars   board   confirms   actual   business   parent   data   public   partner   users   source   current   effort   won   codes   including   algorithms   million   

 

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