ChinaVirtuoso

After over a month of negotiations, TikTok has chosen a US company to partner with: Oracle, a California-based cloud computing giant.

On Sunday Microsoft, long tapped to purchase the ByteDance-owned app, announced its bid had been rejected by the Beijing-based company. ByteDance instead selected Oracle to be its "technology partner" in the US, a person familiar with the situation said on Sunday evening. The proposed deal is expected to meet the needs of TikTok's users, as well as satisfy American national security concerns, the person said.

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