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Chinas ByteDance to Keep Majority TikTok Stake in Oracle Deal Under U.S. Consideration [Video]

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China’s ByteDance Ltd. would retain a majority ownership stake in its TikTok app unit as part of a proposal being reviewed by national-security regulators, with an eye toward settling the high-profile deal by a deadline Sunday, according to a person familiar with the situation.

The Committee on Foreign Investment in the U.S., known as Cfius, which includes officials from the Treasury, State, Commerce and other departments, reviewed the deal late Tuesday afternoon but didn’t immediately announce a recommendation.

The proposal includes Oracle Corp.’s bid to become TikTok’s U.S. technology partner as part of an effort to address the administration’s national-security concerns surrounding the Chinese-owned video-sharing app.

The deal would make Oracle the U.S. technology partner of TikTok, while allowing TikTok’s parent company, Beijing-based ByteDance, to retain a majority ownership stake, according to the person familiar with the deal. TikTok’s global business would also become a company based in the U.S. that would …

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Europe Is Falling Behind on 5G Rollout, Top Companies Warn [Video]

Europes deployment of 5G cellular-communications networks is alarmingly slow, says a lobbying group of the Continents biggest companies.

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31st August 2020 (Hong Kong) The winners of 2020 Miss Hong Kong pageant emerged yesterday evening. The champion was No. 8, Lisa MarieTseGa Ye, the first runner-up was No. 2 Celina Harto, a trainee interior designer and the second runner-up was No. 4 Rosita Kwok Pak Yin. The recently announced Miss Friendship was won []

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In this presidential election cycle, both Democrats and Republicans claim to be tough on China What does that actually mean? In fact, what does the American public really know about the China of today? On this edition of the program we attempt to separate myth from reality