The US Department of the Treasury stated that it wants to resolve national security concerns posed by TikTok. The statement came one day after ByteDance, the parent company of TikTok, challenged the Executive Order on divestiture from the company in court. While not agreeing with the US Department of the Treasury that it poses a security threat, ByteDance said that its latest proposal would address US security concerns 'by creating a new entity, wholly owned by Oracle, Walmart, and existing US investors in ByteDance, that would be responsible for handling TikTok's US user data and content moderation.'
Register Email now for Weekly Promotion Stock
100% free, Unsubscribe any time!Add 1: Room 605 6/F FA YUEN Commercial Building, 75-77 FA YUEN Street, Mongkok KL, HongKong Add 2: Room 405, Building E, MeiDu Building, Gong Shu District, Hangzhou City, Zhejiang Province, China
Whatsapp/Tel: +8618057156223 Tel: 0086 571 86729517 Tel in HK: 00852 66181601
Email: [email protected]