TikTok, a short video streaming platform owned by Beijing-based tech giant ByteDance, has completed migrating information on its US users to servers at Oracle Corporation, in a move that could address US regulatory concerns over data integrity.
Short video sharing platform TikTok is close to reaching a user data storage deal with American computer software company Oracle Corporation.
On Monday, the U.S. government appealed a federal judge’s ruling blocking the administration’s ban on Chinese short video sharing app TikTok.
The U.S. Department of Commerce announcedto allow ByteDance’s TikTok to continue to operate in the U.S. on Nov. 12
TikTok released a statement Thursday that its parent company ByteDance has reached a rudimentary agreement with Oracle and Walmart after months of confrontation between the hit short video app and the White House over national security concerns.
ByteDance, the parent company of popular short video app TikTok, has rejected Microsoft, the first publicly known bidder of the app’s American arm.
The competitive compensation package did not please all Oracle employees. Protests were seen outside of Oracle’s office in Beijing.
Oracle is laying off over 900 staff members, mainly from the China Research and Development Center (CDC), as the conference call in the China area confirmed.