Friday, July 18, 2025
  • Hype
  • Murai
  • Lipstiq
  • Miss Murai
  • Varnam
  • Moviedash
  • Autofreaks
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Compu-zoneUpdated
    • ViewnetUpdated
    • Sri ComputersUpdated
    • StartecUpdated
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
No Result
View All Result
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Compu-zoneUpdated
    • ViewnetUpdated
    • Sri ComputersUpdated
    • StartecUpdated
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
No Result
View All Result
Lowyat.NET
No Result
View All Result
Home News

TikTok Successfully Avoids US Banhammer Through Oracle And Walmart Deal

by Chief Chapree
September 21, 2020
TikTok
278
SHARES
Share on FacebookShare on Twitter

After a long fight against the United States government, ByteDance can now finally take a breather as TikTok has been allowed to continue its operations in the US. This is thanks to a new set of arrangements that been principally agreed by the US President, Donald Trump.

Back in August, President Trump had signed an executive order to ban any American companies from doing business with TikTok and ByteDance due to national security, foreign policy and economy reasons. He then signed another executive order which pretty much led to this deal.

Under the new deal which was announced over the weekend, a company called TikTok Global will be established to serve TikTok users in the US as well as the majority of other users throughout the world. In general, TikTok Global is a US-based company and is expected to provide more than 25,000 new jobs as well as USD 5 billion in tax money for the country.

The deal will also see Oracle as TikTok’s new secure cloud provider in which all of the data for US users will be transferred to Oracle’s cloud data centre. At the same time, 12.5% of TikTok Global will be owned by Oracle while Walmart who will be injecting its commercial expertise into the deal, is taking a 7.5% stake in the newly-formed company.

The deal will also involve the creation of educational initiatives between the three companies as well as some of ByteDance’s investors including Coatue, General Atlantic, Sequoia, and SIG. AI-driven online video curriculum will apparently be the focus of this initiative.

ALSO READ:  TikTok Reportedly Working On US-Only Version

In general, TikTok is now out of the danger zone and likely to be around for quite some time. That being said, it comes at a compromise for ByteDance though, who may have to slowly ease its grip on the platform.

(Source: TikTok / Oracle / Walmart. Images: ByteDance / Wiki Commons / Walmart.)

Filed Under bytedanceOracletiktokWalmart
Updated 10:27 am, Mon, 21 September 20
http://lowy.at/7aiOY
Share111Tweet70SendShare

Follow us on Instagram, Facebook, Twitter or Telegram for more updates and breaking news. 

No Result
View All Result

TRENDING THIS WEEK

  1. 1
    Mobile Phones

    Nothing Phone (3) Launches In Malaysia; Starts From RM3,299

  2. 2
    Fintech

    TNG Digital, Kakitangan.com Introduce Salary Payouts Via TNG eWallet

  3. 3
    Hybrid Vehicles

    Lamborghini Temerario Debuts In Malaysia; Priced At RM1.35 Million

  4. 4
    Mobile

    HONOR Pad 10 5G Launches In Malaysia; Priced At RM1,799

  5. 5
    Hands On

    HONOR Magic V5 Hands On: Almost Aesthetic Perfection

NETWORK

  • Hype
  • Murai
  • Lipstiq
  • Miss Murai
  • Varnam
  • Moviedash
  • Autofreaks

ABOUT

  • Advertise
  • Careers
  • Privacy Statement
  • Contact Us
  • Editorial Policy
  • Terms & Conditions

©2025 VIJANDREN RAMADASS. ALL RIGHTS RESERVED.

No Result
View All Result
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Compu-zone
    • Viewnet
    • Sri Computers
    • Startec
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables

©2025 VIJANDREN RAMADASS. ALL RIGHTS RESERVED.

No Result
View All Result
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Compu-zone
    • Viewnet
    • Sri Computers
    • Startec
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables

©2025 VIJANDREN RAMADASS. ALL RIGHTS RESERVED.