Contents
What Company Owns TikTok?
If you’re a social media user, you’ve probably heard of TikTok, a video-sharing platform with one billion monthly active users. While the videos are fun and snackable, most people aren’t sure where TikTok originated. This video-sharing app was developed in Beijing, China, by a company called ByteDance. The company has been known by many other names and even has a Chinese version.
ByteDance
China’s decision to ban TikTok is not entirely surprising. The company has been trying for months to assert its control over its domestic tech sector, which has produced some very successful companies. But it was not able to land a deal with Microsoft. Read also : How to Become TikTok Famous. The company had to make changes to the application based on the requirements of the country in question. ByteDance is one of those companies.
ByteDance is the company behind TikTok, the popular Chinese entertainment app. The company is now looking to expand its product line with the Kesong app, which allows users to post short videos and photos. Kesong is an upcoming Chinese social commerce platform that users will use to share fashion advice, shopping experiences, and other information. This company is well-positioned to grow as the market for social video and ad-based applications grows.
Walmart
The world’s largest retailer is doubling down on TikTok, the super trendy short video social media site. Last summer, Walmart almost purchased the company with Oracle, but was prevented from doing so after issues involving national security and a former president. To see also : How to Change Birthday on TikTok. Now, it’s back. Walmart will use TikTok to help shape its brand among millennials. Here’s what you need to know about Walmart’s new social media strategy.
The TikTok saga has taken a number of twists and turns. For instance, the Commerce Department has delayed enforcement of President Trump’s executive order on online video, but that didn’t prevent Walmart and Oracle from signing a commercial partnership. The two companies have said they are “working on final agreements.” But before that, Walmart and Oracle would have to get regulatory approval from China. That means that both companies might be able to continue operating TikTok in the United States.
Oracle
Oracle is considering buying TikTok to monetize its user data. This move would make the company the first company to offer a cloud-based solution for storing data from US users. Read also : How to Make Money Off TikTok. Oracle has a long history in the intelligence business, but the company has also made a shift from a corporate, enterprise-focused focus to one that appeals to young users. However, the company has a lot to prove before it’s a good fit.
Last summer, President Donald Trump proposed banning TikTok from US transactions, citing national security concerns. This decision forced TikTok’s executives to sell their business or face a ban on doing business in the US. The company was left scrambling for a buyer, but a complex deal emerged that involves Walmart and Oracle. However, neither company immediately responded to a request for comment. Oracle owns tiktok
Oracle owns 12.5% of TikTok Global
The deal between Walmart and Chinese tech giant Oracle makes for an interesting investment case. Walmart, along with Sequoia Capital, plan to acquire about 20% of the company. However, it’s unclear what will happen to the rest of the company. Oracle is expected to own the remaining 12.5%. The company’s parent company, Bytedance, will retain the other stakes. Oracle has expressed an interest in becoming a cloud computing provider for TikTok.
In addition to owning a 12.5% stake in TikTok Global, Oracle plans to take over security and cloud services. The deal was characterized as a win for the U.S. by President Donald Trump, who had previously threatened to ban TikTok. However, the deal does leave Chinese investors with a large stake in the company and say over its future. So, what will happen to TikTok’s business?
