ByteDance filed a request with the Beijing Municipal Commerce Bureau asking for approval to export its technology under restrictions recently implemented by the Chinese government, according to Bloomberg.China expanded its list
of "forbidden and restricted technology exports" to include "personalized information recommendation services based on data analysis" — such as the algorithm that powers TikTok. That move threw a wrench in the TikTok deal by requiring the company to obtain a license from the government, effectively giving Beijing veto power over a deal.
That contention has become one of several major sticking points in a proposed deal involving Oracle and Walmart, which Trump gave "preliminary" approval to earlier this week, prompting the US Commerce Department to
Export TikTok's technology, America had better check that tech better than the flowers imported into America containing an invasive worm species that kills America's earth worms. I've seen them inside the flowers from Lowe's in Lafayette, Louisiana.
I still think the smart kids are going to be pissed at Trump for messing with their TikTok.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
An inside look at aerial firefighting of raging West Coast wildfires - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Trump, Beijing hint at Oracle-TikTok deal block amid ownership confusion - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. China better be owning it's own app 😴
Source: BusinessInsider - 🏆 729. / 51 Read more »
Expert says Trump's $5 billion TikTok deal payment appears illegal - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Fake News. 'Trump is jeopardizing the United States' position as the best place in the world to do business, and should think twice about the long-term ramifications of extorting growth businesses, Chinese or otherwise.' Alex Lim IVP
Source: BusinessInsider - 🏆 729. / 51 Read more »
Who is Vanessa Pappas, TikTok acting CEO and ex-YouTube creator lead - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »