The fate of TikTok has changed again after the Commerce Department issued a ban TikTok tough protests and said it would continue to push the lawsuit. On September 20, TikTok issued a statement saying: to ensure that 100 million Americans can continue to use TikTok popular video and content application, meet the regulatory requirements of the U.S. government and strengthen TikTok U.S. business,Byte beat, Oracle and Wal Mart have reached a principled consensus on the cooperation of tiktok.In accordance with this consensus, the three parties will reach agreement as soon as possibleCooperation agreement meeting the legal requirements of the United States and China.
Under the proposal, TikTok headquarters will remain in the United States, and Oracle will become TikTok partner in data security compliance to provide cloud architecture services to U.S. users. A similar pattern of cooperationAppleData security compliance cooperation conducted by Guizhou on cloud in China. Because tiktok's U.S. operations have offices in Los Angeles, California, the program is also known as "California on the cloud.". The scheme does not involve technology and algorithm transfer.
According to Hu Xijin, people familiar with the matter said that,Oracle will have full access to tiktok's source code and updatesTo ensure that the company'sChinese parent companies don't use backdoors to spy on US users.
And according to the latest report from Bloomberg,American President Donald Trump has "agreed in principle" to the TikTok solution received by the US government.
"I' ve already blessed the deal ," Trump told reporters on Sept.19 when he left the White House for an election rally ." I agreed to the deal in principle ."
it is understood that oracle will become in data security compliance. The parties will conductSimilar to Apple's data security compliance cooperation conducted by "cloud Guizhou" in China.Because tiktok's U.S. operations have offices in Los Angeles, California, the program is also known as“California on the cloud". Based on business development needs,
According to reports, tiktok will set up a new board of directors and management under the control of byte skipping. Tiktok will start a new round of financing with a ratio of no more than 20%, and Oracle and Wal Mart will be introduced as potential investors with preemptive rights. If market conditions permit, tiktok will complete its initial public offering (IPO) in the United States within one year.
"Oracle's cloud infrastructure will enable TikTok next phase of development, while ensuring that the company's business follows the strictest safety standards ." Oracle founder and chief technology officer Larry Ellison (Larry Ellison) said. "TikTok、 Oracle and Wal-Mart will join hands to drive the next global Internet giant ."
"Wal Mart is happy to work with byte hop and Oracle to make tiktok a more popular service application in the United States." Said Doug mcmillon, chief executive of Wal Mart. "We're looking forward to the deal being finalized, starting to serve our customers and creating more jobs."
According to Hu Xijin, byte beat continues to maintain majority equity, that is, holding, and the core algorithm continues to be in the hands of byte jump. A new company dominated by US personnel will be responsible for the operation of the TikTok and supervise its safety.
The proposal has been initially approved by the U.S. government, which will allow U.S. users to continue using tiktok. On Saturday, trump left the White House for a campaign rally in Fayetteville, North Carolina, telling reporters that he had agreed to the plan in principle. However, the final implementation of the plan still needs the final formal agreement of all parties.
Previously, the U.S. Department of Commerce announced on September 18 that it would ban tiktok's downloading and updating in the U.S. app store from September 20 in the name of national security and data privacy. Tiktok said strongly afterwards that he opposed the decision of the US Department of Commerce and was deeply disappointed, and would continue to push forward the lawsuit against the US administrative order in order to protect the legitimate rights and interests of users, creators, partners and companies.
And in the United States, the United States Department of Commerce ban also triggered a series of chain reactions. On the evening of the 18th, three TikTok American creators announced a lawsuit against US President Donald Trump for TikTok executive order. This is the third lawsuit against the U.S. government against TikTok after TikTok company and its employees.
On twitter, a social media platform, there have been a lot of voices against the ban on tiktok by the US Department of Commerce. In addition, some users launched a petition to save tiktok online, and the number of signatures has reached nearly 60000. At the same time, the number of tiktok downloads is also surging. According to sensor tower, on the day after the US Department of Commerce announced the ban, tiktok downloads reached 247000 times, a daily increase of 12%.
Hu believes that the program reported by the United States media obviously still has its unfairness, but it is relatively more acceptable to the latter than the original US request or TikTok to turn off, or sell it completely to American companies, causing less damage to byte beat. And the scheme shows some effect in protecting the rights of byte hopping, and the recent new rules by the Chinese government to restrict technology exports, including AI algorithms, have had an impact on developments.
In Hu Xijin's opinion, tiktok should not have happened. It should be allowed to continue normal operation in the United States. No matter how it is adjusted, it is an intrusion on the normal right of byte skipping. However, the new scheme avoids the worst result of previous transmission, and some key rights and interests of byte skipping are preserved. I believe this is also the result of the struggle.
Trump agrees to California on cloud in principle