Friday, 24 March, 2023

TikTok nears Oracle deal in bid to ease US data concerns: Sources

<p>TikTok is close to an agreement with Oracle Corp. to keep its US customers&#39; data without giving it to its Chinese parent, ByteDance, in order to solve US regulatory concerns over data integrity. The agreement comes a year and a half after a US national security panel ordered ByteDance to divest TikTok due to concerns that user data could be handed on to China&#39;s government. Oracle had acquired a minority stake in TikTok in 2020, when ByteDance was under pressure to sell the app.</p>