ByteDance applies for tech export licence in China

ByteDance has applied for a tech export licence in China as it races finalise a deal with Oracle Corp and Walmart Inc for its short video app. The firm submitted the application to Beijing’s municipal commerce bureau and is waiting for a decision. The application comes about a month after China revised its export control policies for the first time in 12 years, in a manner which would hinder TikTok’s deal with Oracle and Walmart.

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