Chinese-owned short-video software TikTok has been spared from being removed from App Store and Play Store for at least a week. Thanks to the “new promising changes” as the business is in talks with Oracle and Walmart.
Take on Oracle
U.S. Commerce Secretary Wilbur Ross announced the postponement of the ban in an official statement released this Saturday, Sept. 19.
In the light of recent encouraging changes, Secretary of Commerce Wilbur Ross, under President Trump ‘s guidance, postponed the ban on established transactions pursuant to Executive Order 13942. The executive order pertained to the TikTok mobile application, which would have been effective at 11:59 p.m. on Sunday, Sept. 20 until 27, the statement said.
The declaration was made, based on the analysis, the same day as the U.S. President Donald J. Trump “gave TikTok his support” on coping with Oracle.
The U.S. tech giant also confirmed on the same day that it would be a minority participant with a 12.5 per cent interest in the global company of TikTok and making Oracle the stable supplier of cloud services for the network.
Acting in a Walmart Partnership
TikTok reported the announcement from Oracle. The video sharing application is also currently working on a Walmart contract. Both Oracle and Walmart takes up a 20 percent cumulative stake in the company.
In addition, TikTok also vowed to set up a US headquarters that will free up 25,000 positions. The last-minute bargain was what rescued TikTok, for at least a week.
Last Friday, September 18, the U.S. government under Trump made a statement. His government wants to block all new TikTok and WeChat downloads on the iOS App Store and Google Play Store. The move is part of their dispute with the platforms operated by China-based firms ByteDance and Tencent.
TikTok filed a lawsuit with the federal court on the same day. It aimed to prevent the app from being suspended by the US government.
Awaiting clearance by China
Nevertheless, since the Chinese government’s permission is necessary, the arrangement between TikTok, Walmart, and Oracle is final, but the company’s fate has not yet been set in stone.
“Nevertheless, on Saturday, Sept. 19, the Chinese government appears to be in support of TikTok as China’s Commerce Ministry issued a statement accusing the U.S. government of coercion, adding,” If the U.S. persists on heading its own way, China would take the requisite action to resolutely defend the legitimate rights and interests of Chinese enterprises, “as per The Guardian.
The feud between the U.S. government and TikTok started when news went out, claiming the website is taking details from its users and giving them to the Chinese government.
Hacktivist group Anonymous has expressed their feelings about the subject, agreeing with the news, and also naming the short-video software as a “Chinese malware,” but the organization has stayed adamant that they haven’t hacked or used any details against TikTok users in the United States.