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World Trump vows to block any TikTok deal that allows Chinese control

19:47  21 september  2020
19:47  21 september  2020 Source:   msn.com

TikTok downloads to be blocked in US within days

  TikTok downloads to be blocked in US within days People in the US will be banned from downloading TikTok from this Sunday. © Getty TikTok is set to be banned in the US The US commerce department said that starting 20 September, Americans will not be able to get the popular video-sharing app.The ban will also cover the messaging app WeChat.President Donald Trump could still withdraw the ban before Sunday evening - if a deal is done between TikTok's Chinese owners ByteDance and US technology giant Oracle.

A deal to restructure ownership of the popular video app TikTok was thrown into doubt Monday by President Donald Trump , who vowed to block any deal that allows its Chinese parent firm to retain any control . The comments raised fresh concerns over a weekend deal that appeared to avert a

A deal to restructure ownership of the popular video app TikTok was thrown into doubt Monday when President Donald Trump vowed to block any deal that allows its Chinese parent firm to retain any control . The comments raised fresh concerns over a weekend deal that appeared to avert a

Details of a planned spinoff of the popular Chinese-owned video app TikTok remained murky as President Donald Trump vowed to block any deal allowing China-based parent firm ByteDance to retain control © Olivier DOULIERY Details of a planned spinoff of the popular Chinese-owned video app TikTok remained murky as President Donald Trump vowed to block any deal allowing China-based parent firm ByteDance to retain control

A deal to restructure ownership of the popular video app TikTok was thrown into doubt Monday by President Donald Trump, who vowed to block any deal that allows its Chinese parent firm to retain any control.

The comments raised fresh concerns over a weekend deal that appeared to avert a US-ordered ban of TikTok, which the Trump administration has called a national security risk and has threatened to ban without ownership changes.

What Trump's TikTok Ban Means For Users

  What Trump's TikTok Ban Means For Users TikTok restrictions start on September 20 but will initially apply to new downloads and software updates, meaning the app will continue to work as normal for existing users—at least until November 12.As of this Sunday, September 20, the Trump administration will prohibit distribution and maintenance of TikTok through mobile app stores in the U.S.

Asked about reports that TikTok ’s Chinese owner, ByteDance, would still own 80 percent of the service after the deal , Mr. Trump said that they would “have nothing to do with it, and if they do we just won’t make the deal .” He said Oracle and Walmart, which under the deal would take a 20 percent stake in

A deal to restructure ownership of the popular video app TikTok was thrown into doubt Monday when President Donald Trump vowed to block any deal that allows its Chinese parent firm to retain any control . The comments raised fresh concerns over a weekend deal that appeared to avert a

a close up of a sign: TikTok, whose office in Culver City, California is seen here, would be spun off its Chinese parent firm into a new US-based firm under a plan unveiled by the Trump administration © MARIO TAMA TikTok, whose office in Culver City, California is seen here, would be spun off its Chinese parent firm into a new US-based firm under a plan unveiled by the Trump administration

The deal would make Silicon Valley giant Oracle the data partner for TikTok with retail giant Walmart also taking a stake in a new entity to be called TikTok Global.

But details of the plan remained unclear, amid differing accounts on the American and Chinese shares of the new firm, and who would be in control of the data and algorithms.

Trump on Monday told Fox News that TikTok's Chinese parent firm ByteDance "will have nothing to do with it and if they do, then we just won't make the deal."

He added that Oracle and Walmart "are going to own the controlling interest. Everything is going to be moved into a cloud done by Oracle... and it's going to be controlled -- totally controlled by Oracle."

TikTokers are making thirst videos about Draco Malfoy and 'Harry Potter' star Tom Felton had the best response

  TikTokers are making thirst videos about Draco Malfoy and 'Harry Potter' star Tom Felton had the best response "Harry Potter" star Tom Felton shared a joke reaction video to a trend created by Draco Malfoy-obsessed fans on TikTok. #DracoTok, as its known, is a collection of TikToks with over 600 million combined views. One week ago, Felton commented on a couple of the videos, sending his fans into a frenzy. Now he's uploaded his own reaction video to #DracoTok, and told fans, "Hide nothing, I find this all hilarious!" Visit Insider's homepage for more stories. After an increasing amount of interaction with the #DracoTok trend on TikTok, "Harry Potter" actor Tom Felton just took everything to the next level.

President Donald Trump on Monday threw into doubt a deal to restructure ownership of the popular video app TikTok , vowing to block any deal that allows its Chinese parent firm to retain any control . The comments raised fresh concerns over a weekend deal that appeared to avert a

A deal to restructure ownership of the popular video app TikTok was thrown into doubt Monday when President Donald Trump vowed to block any deal that allows its Chinese parent firm to retain any control .

- Battle for algorithms -

ByteDance, under pressure in China not to give in to US demands, said it would hold an 80 percent stake in TikTok Global after a public share offering.

The Chinese firm said the current plan "does not involve the transfer of any algorithms and technologies" and that reports to the contrary were "rumors."

A separate statement from Oracle offered a different view of the transaction.

"Upon creation of TikTok Global, Oracle/Walmart will make their investment and the TikTok Global shares will be distributed to their owners, Americans will be the majority and ByteDance will have no ownership in TikTok Global," Oracle vice president Ken Glueck said.

TikTok -- which became a global phenomenon with its brand of short, addictive phone videos -- has come under fire in recent months as tensions escalate between China and the west.

Trump has increasingly put national security and his aggressive stance toward China at the center of his re-election campaign, claiming without providing evidence that TikTok is collecting user data for Beijing.

TikTok Lost Half a Million Daily Users After Pompeo Suggested Trump Wanted Ban

  TikTok Lost Half a Million Daily Users After Pompeo Suggested Trump Wanted Ban As negotiations over a potential Oracle-Walmart deal simmer, a Trump administration order that could remove TikTok from Apple and Google app stores is looming.The figure was revealed in court filings on Wednesday as the Chinese-owned company appealed to a U.S. judge to grant an injunction against a Trump administration order that could see the app removed from Apple and Google stores in the U.S. Sunday.

A deal to restructure ownership of the popular video app TikTok was thrown into doubt Monday by President Donald Trump , who vowed to block any deal that allows its Chinese parent firm to retain any control . The comments raised fresh concerns over a weekend deal that appeared to avert a

India has already blocked TikTok as well as other Chinese apps. Australia, which has already banned Huawei and telecom equipment-maker ZTE, is also Trump 's sights are set firmly on China - and this should be seen through that lens. TikTok says that it doesn't keep any data in China and would never

It is the latest digital battleground between Beijing and Washington, which has also sought to cut off Chinese giant Huawei from the global tech supply chain on similar security concerns, and has moved to ban the multi-usage Chinese app WeChat in the United States.

China's Commerce Ministry on Saturday condemned what it called US "bullying," saying it violated international trade norms and that there was no evidence of any security threat from TikTok.

Some analysts expressed skepticism that the TikTok deal could be structured in a way to win approve both from the US and China.

"Its looks like Oracle and TikTok have made just enough concessions to pass the US administration but now comes the test of whether these concessions are too much for China," independent technology analyst Richard Windsor said in a blog post.

The plan unveiled over the weekend would allow Oracle to take a 12.5 percent stake in TikTok and Walmart a 7.5 percent stake in a share offering valuing the platform at some $60 billion.

The ownership stake held in Chinese hands has been subject to differing interpretations since ByteDance is 40 percent owned by American investors.

Wildly successful, TikTok becomes focus of US-China war

  Wildly successful, TikTok becomes focus of US-China war Known for its short-form videos popular with teens, TikTok has become a global social media sensation, and at the same time has found itself at the heart of a geopolitical war between the United States and China. US President Donald Trump has called the app a national security risk, claiming that TikTok and its Chinese parent ByteDance could access user data and deliver it to Chinese intelligence services. Trump's executive order would prohibit new downloads of TikTok from Sunday night and would ban usage from November 12 unless a deal to restructure its ownership comes to fruition.

TikTok ’s Chinese parent company, ByteDance, will own 80 percent of TikTok according to one source. However, due to 40 percent of ByteDance being owned by U.S. venture capital firms, the Trump administration can now claim that TikTok Global is a majority American owned business.

In an unusual declaration, Trump also said any deal would have to include a "substantial amount of money" coming to the US Treasury. Shortly after issuing the order regarding TikTok , Trump issued a similar order for WeChat, a group chat app owned by Tencent, a Chinese based company.

Also in doubt was Trump's claim that the new entity would make a $5 billion contribution to a "patriotic education" initiative.

Oracle and Walmart said TikTok Global would "pay more than $5 billion in new tax dollars" as part of the plan, which according to US officials would also lead to 25,000 new US jobs.

bur-rl/bgs


Video: WeChat ban will affect small businesses and millions of users in the U.S. (CNBC)

TikTok download ban temporarily blocked by US judge in a blow to the Trump administration .
A federal judge on Sunday ruled in favour of TikTok, blocking the Trump administration's temporary download ban set to take place tonight at 11:59 p.m. TikTok has been a target of the Trump administration since July, and last month, the president signed a pair of executive orders against the app and its Chinese owner, ByteDance, leading to the download ban. The president said last week that a deal between ByteDance and US-based Oracle and Walmart had his "blessing," but the deal has been muddled due to conflicting statements from the involved companies. Visit Business Insider's homepage for more stories.

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