TikTok-owner ByteDance Ltd is getting more confident its envisioned alliance with Oracle Corp will pass muster with China’s regulators. — AFP
TikTok-owner ByteDance Ltd is getting more confident its envisioned alliance with Oracle Corp will pass muster with China’s regulators, a critical step in the political clash over the popular video app, people familiar with the matter said.
While Beijing has asserted its right to block the sale of critical technologies, it is likely to greenlight the deal as long as it doesn’t involve the transfer of the artificial intelligence algorithms that drive TikTok’s service, they said, asking not to be identified discussing a private deal. That’s true even if ByteDance were to cede majority control over TikTok, they said.
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