Beijing unlikely to approve Oracle, Walmart’s TikTok deal: Global Times

SHANGHAI : Beijing is unlikely to approve an “unfair” deal Oracle Corp and Walmart Inc said they have struck with ByteDance over the future of video-streaming app TikTok, state-backed newspaper Global Times said in an editorial. The US majors have said they will buy into a new mainly US-owned company, …

Read moreBeijing unlikely to approve Oracle, Walmart’s TikTok deal: Global Times

Beijing unlikely to approve Oracle, Walmart’s TikTok deal: Global Times

“From the information provided by the U.S., the deal was unfair. It caters to the unreasonable demands of Washington. It’s hard for us to believe that Beijing will approve such an agreement,” the editorial read. Beijing is unlikely to approve an “unfair” deal Oracle Corp and Walmart Inc said they …

Read moreBeijing unlikely to approve Oracle, Walmart’s TikTok deal: Global Times