TikTok: A solution has been submitted to the U.S. government

Los Angeles, Sept. 14 (Xinhua) — Huang Heng TikTok14 said in a statement that it had submitted a proposal to the U.S. government. Oracle said today it had reached a deal with TikTok’s parent company Bytedance to become its “trusted technology provider,” but the deal still needs U.S. government approval.

TikTok said in a statement: “I can confirm, has submitted a plan to the U.S. Treasury, believe that this scheme can solve the security concerns of the U.S. government, this scheme can help TikTok continue to support the operation of the platform has one hundred million users in the United States, the user likes to connect on the platform and entertainment, at the same time, there are hundreds of thousands of small businesses and creators rely on TikTok to make a living and develop a meaningful career.”

U.S. Treasury Secretary Steven Mnuchin said in an interview earlier in the day that the Treasury Department has received the proposal and that Oracle is TikTok’s trusted technology partner to address national security issues on behalf of the United States.

Details of the plan have not been disclosed. But if approved, Oracle will provide cloud services to TikTok, a move that does not involve the sale of TikTok or the transfer of TikTok’s core technology, reporters have learned.

On August 6, President Trump signed an executive order banning any US person or entity from doing any transaction with TikTok and its parent company bytedance for 45 days. On The 14th of the same month, Mr. Trump signed another executive order, requiring Bytedance to divest all of TikTok’s interests in operating in the United States within 90 days.

In response, a Spokesman for China’s Foreign Ministry said the U.S. should stop unjustifably cracking down on other countries’ companies, including Chinese companies, and that China reserves the right to take necessary measures to safeguard the legitimate rights and interests of Chinese companies.