Chinese Media Neither Oracle or Microsoft Gets to Buy TikTok US - BizTrailBlazer-Blog

Chinese Media: Neither Oracle or Microsoft Gets to Buy TikTok US

What a Monday it is. Soon after the news broke that Microsoft is out of the competition when it comes to bidding for TikTok’s U.S operations, and soon after rumors started circulating that Oracle is the new winner, China’s state-backed broadcaster CGTN reported that ByteDance won’t sell TikTok’s U.S operations to either of these two companies.

Currently, ByteDance is the world’s most valuable start-up, which is also credited with pioneering algorithmic content for shorter video formats. This source code is the key behind TikTok’s intelligent video suggestion, and according to CGTN, ByteDance won’t give that source code to any U.S company. Also, sources have told the South China Morning Post that the parent company of TikTok has decided not to sell or transfer the source code behind this ultra-popular video platform.

However, ByteDance has denied commenting on this matter.

Neither Oracle or Microsoft Gets to Buy TikTok US - BizTrailBlazer-Blog

On the other hand, time is running out for TikTok. During its early stages of negotiations with Washington, Beijing was absent surprisingly. Then with each passing day, things changed and Beijing interfered eventually. Earlier the U.S. government gave TikTok a timeframe of 45 days from 6th August to sell its U.S operations to any local company or TikTok will have to shut its operations in the U.S. As per the reports, ByteDance’s U.S assets are valued worth $50 billion.

Since this step, the Chinese government revised its already existing export rules, so that it could block the sale of ByteDance’s algorithms and now there’s the report from CGTN that completely refutes the rumors that Oracle has secured the deal.

The video-sharing platform’s rise to fame is very closely related to its use of algorithms in order to recommend videos to its users. As Machine Learning works behind the scene, there’s no need for human intervention or creation, the more content a user consumes, that much better the apps get while predicting his/her interests. This process breaks the barrier of language, making TikTok the first Chinese app to become immensely popular in the west.

Share Now

Share on facebook
Share on twitter
Share on linkedin
Share on pinterest
Share on whatsapp

get your ad spaces


explore other articles

Hemp is quite an amazing plant that is well known for its all-round capabilities and thousands of different uses. According to a few estimates, there are as much as 50,000 …


The parent company of Indian fantasy sports app Dream 11, Dream Sports has raised a massive $225 million in its latest funding round. The firm prefers to call itself the …


Following the ban of the popular mobile game PUBG in India, another Indian alternative to the famous game FAU:G was recently announced by Bollywood actor Akshay Kumar. Although the actor …


One of the biggest ride-hailing giant of China Didi Chuxing and the well known electric vehicle manufacturer BYD is planning to launch a test batch of a vehicle designed for …

you may also like


Have you adopted a POS system for your business? No? If you haven’t adopted a POS system for your businesses in order to handle customer transactions you might be falling …


The 5th generation of high-speed mobile data, also known as 5G, is now live in multiple locations of the UK, Australia, and the US. However, since the first day of …


The Internet has come a long way, since the day it was invented. Thanks to the massive adaptation of the internet, it is gobbling up things at a massive rate. …


Since January 2020, Covid-19 has been impacting our beloved planet, and since then cyber crimes have shot up quite a bit as cyber-criminals are leaving no stones unturned to gain …