STORY HIGHLIGHTS


TIKTOK SUBMITS PROPOSAL TO U.S. AUTHORITIES

CNC
Added On September 15, 2020

The Los Angeles-based company said in a short statement on Monday that this step would help to continue the company's operation in the future. The statement said this proposal would enable Tik Tok to continue supporting its community of 100 million people in the United States,who love the app for connection and entertainment, and the hundreds of thousands of small business owners and creators who rely upon Tik Tok to grow their livelihoods and build meaningful careers. Oracle, an American multinational computer technology corporation headquartered in California, confirmed in a statement on Monday that it had reached a deal with Tik Tok's Chinese parent, ByteDance, to be the latter's U.S. trusted partner.