TikTok-Oracle Deal Wins Trump’s Approval

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  • Bloomberg Markets and Finance published this video item, entitled “TikTok-Oracle Deal Wins Trump’s Approval” – below is their description.

    Sep.20 — The Oracle-TikTok deal has been given the green light from President Donald Trump, potentially averting an App store ban in the U.S. It’s the culmination of weeks of talks after the White House declared the Chinese-owned video-sharing app a national security threat. Bloomberg’s Stephen Engle reports on “Bloomberg Daybreak: Asia.”

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    In This Story: Donald Trump

    Donald John Trump was the 45th President of the United States. Before entering politics, he was a businessman and television personality. Trump was born and raised in Queens, a borough of New York City, and received a bachelor’s degree in economics from the Wharton School.

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  • In This Story: TikTok

    TikTok, known in China as Douyin, is a Chinese video-sharing social networking service owned by ByteDance, a Beijing-based Internet technology company founded in 2012 by Zhang Yiming. It is used to create short music, lip-sync, dance, comedy and talent videos of 3 to 15 seconds, and short looping videos of 3 to 60 seconds.

    ByteDance first launched Douyin for the Chinese market in September 2016. Later, TikTok was launched in 2017 for iOS and Android in most markets outside of mainland China; however, it only became available worldwide, including the United States, after merging with another Chinese social media service Musical.ly on 2 August 2018.

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