Beijing unlikely to approve ByteDance's TikTok deal with Oracle: Report

A deal China's ByteDance has struck with Oracle Corp and Walmart Inc over the future of its video-streaming app TikTok is unlikely to receive Chinese government approval. ByteDance has said it will create a US subsidiary partly owned by US majors Oracle and Walmart and managed mainly by Americans, to pacify the administration of the US which had planned to ban TikTok on security grounds.

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