ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
US-China tensions

Trump allows Oracle and Walmart deal with TikTok

US companies set to own 20% of new entity as plan awaits Beijing approval

NEW YORK/PALO ALTO, U.S.-- President Donald Trump has given the go-ahead to a deal for Oracle and Walmart to maintain TikTok's operations in the U.S., with the two American companies set to own 20% of a new entity created in agreement with TikTok's Chinese owner ByteDance.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more