China stays conspicuously quiet after Trump's TikTok deal declaration
OracleOracle(US:ORCL) CNBC·2025-09-26 09:52

Core Insights - The approval of a deal by U.S. President Donald Trump could allow TikTok to continue operating in the U.S., but China's response has been notably quiet, leaving uncertainty about the app's future [1][2] Group 1: Deal Structure - The deal involves the creation of a new joint-venture company to oversee TikTok's U.S. business, data, and algorithm, with ByteDance retaining less than a 20% stake [3] - This arrangement is intended to comply with U.S. national security laws that require ByteDance to divest from TikTok's U.S. operations to avoid a ban [3] Group 2: Company Operations - ByteDance is expected to establish a new U.S. company focused on e-commerce, brand advertising, and managing relationships with TikTok's international operations [4] - Details regarding the division of TikTok U.S.'s operations into two companies remain unclear, as reported by Chinese media [2]

Oracle-China stays conspicuously quiet after Trump's TikTok deal declaration - Reportify