The Chinese government has played a role in the latest Tik Tok deal with Oracle and Walmart, seen as a reversal of President Donald Trump’s earlier stance, according to Professor Shen Yi at Fudan University.
The US administration on Saturday approved in principle a proposal from TikTok, Oracle and Walmart that will prevent TikTok from being shut down in the US. The deal involved setting up a new company in the US, named TikTok Global.
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