Popular video app TikTok announced on Saturday that it had drawn up a deal with Oracle as a commercial partner with its US technology provider and Walmart on the day a federal ban was to be enforced against the Chinese-owned platform.
“We are pleased that the proposal of Tickcock, Oracle and Walmart will address the security concerns of the US administration and resolve questions about Tickcock’s future in the US,” a spokesperson for Tickcock, owned by China’s Bytdance, told AFP.
The spokesperson said that Oracle will be “the provider of reliable technology, responsible for hosting all US user data and securing associated computer systems, so as to fully satisfy US national security requirements.” “We are also currently working with Walmart in a commercial partnership.”
US President Donald Trump had previously described Tickcock, Oracle and Walmart as “spectacular”, saying the deal had “blessed” him.
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