- Issues include whether Chinese owner ByteDance will still have access to US user data
- President’s executive order on Chinese apps will not target WeChat users, US says
US President Donald Trump said on Wednesday he did not like Oracle’s bid for an alliance with TikTok, which is owned by Chinese tech firm ByteDance. His comments came after the agency reviewing the deal reportedly found its structure did not resolve national security concerns, although Trump said he was unaware of the ruling.
According to Bloomberg, the Committee on Foreign Investment in the US (CFIUS) has concluded that allowing Oracle to become TikTok’s “trusted tech partner” was not enough to address the popular video-sharing app’s access to data from its nearly 100 million US users.
Secretary of State Michael Pompeo was among those voicing concern, said Bloomberg, which cited anonymous sources. He and other officials remain wary about the proposed new ownership structure and how much influence it would give China over the company.