A deal China's ByteDance has struck with Oracle Corp and Walmart Inc over the future of its video-streaming app TikTok is unlikely to receive Chinese government approval. ByteDance has said it will create a US subsidiary partly owned by US majors Oracle and Walmart and managed mainly by Americans, to pacify the administration of the US which had planned to ban TikTok on security grounds.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/35XVUlt
