The Beijing government does not seem willing to let go of TikTok so easily. China has a say in the partnership with Oracle, and it looks set to be extremely pressing.
TikTok hoped it could get rid of the ban in the United States through a partnership with Oracle, a deal that came after Microsoft's offer was turned down. But this agreement would also need the consent of the Beijing government, which contradicts TikTok's position over time.
The owners of the application, those from ByteDance, strongly claimed that the Chinese Government has no influence, in the context in which they rejected the accusations regarding possible security risks. > ii. Now, that doesn't seem to be the case. The Chinese press writes that the agreement between TikTok and Oracle will not be approved by the Beijing Government.
The Chinese have looked more closely at the terms and conditions, and it seems they have made a decision.
ByteDance had agreed with Oracle and Walmart to create a new company, TikTok Global, to take over virtually only TikTok operations in the United States. But while Oracle and Walmart claim that TikTok Global will be an American company with a board of directors composed mostly of Americans, ByteDance claims that TikTok Global will be its American subsidiary to which it will own 80% of the shares.
Here, too, the Beijing Communist Government has decided to intervene and declare that it does not agree with this understanding, which seems to be thought of by Americans for Americans.
“It's clear that these conditions clearly show Washington's style of intimidation. These conditions affect China's national security, interests and dignity. According to information provided by the United States, the agreement is unfair. He complies with Washington's unreasonable demands. It is difficult for us to believe that Beijing will approve such an agreement, “reads an editorial in the Global Times, a nationalist tabloid published by the People's Daily, the official media outlet of the Chinese Communist Party. .
At the end of last week, ByteDance, Oracle and Walmart announced that they had reached an agreement to meet the demands expressed by US President Donald Trump for TikTok to be sold to an American company. otherwise it will be banned in the US. However, the two parties issued contradictory statements on the terms of the agreement.
In other words, everyone said what they understood, which raises many questions about this understanding.