Donald Trump had earlier touted a “fantastic” deal between TikTok, Oracle and Walmart, saying he had given the deal his “blessing.”

Popular video app TikTok announced Saturday it had prepared a deal with Oracle as its US technology provider and Walmart as a commercial partner, the day before a federal ban was to go into effect against the Chinese-owned platform.

“We are pleased that the proposal by TikTok, Oracle, and Walmart will resolve the security concerns of the US Administration and settle questions around TikTok’s future in the US,” a spokeswoman for TikTok, owned by China’s ByteDance, told AFP.

Oracle will become the “trusted technology provider, responsible for hosting all US user data and securing associated computer systems to ensure US national security requirements are fully satisfied,” the spokeswoman said. “We are currently working with Walmart on a commercial partnership as well.”

U.S. President Donald Trump had earlier touted a “fantastic” deal between TikTok, Oracle and Walmart, saying he had given the deal his “blessing.”

Show Less Plan

Subscription Benefits Include

Today’s Paper

Find mobile-friendly version of articles from the day’s newspaper in one easy-to-read list.

Faster pages

Move smoothly between articles as our pages load instantly.

Unlimited Access

Enjoy reading as many articles as you wish without any limitations.

Dashboard

A one-stop-shop for seeing the latest updates, and managing your preferences.

Personalised recommendations

A select list of articles that match your interests and tastes.

Briefing

We brief you on the latest and most important developments, three times a day.

*Our Digital Subscription plans do not currently include the e-paper ,crossword, iPhone, iPad mobile applications and print. Our plans enhance your reading experience.



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here