Dictoc to escape forced sales in the United States

Washington says it has abandoned plans to force Chinese group Bite Dance to sell US operations The Wall Street Journal.

Washington has decided to abandon plans to force Chinese band Bite Dance to sell US operations of the popular Dictoc app to Oracle and Walmart. Wednesday report The Wall Street Journal . However, the newspaper says the new Biden administration has not yet finalized the response it wants to provide to the file.

U.S. The government is considering former President Donald Trump’s efforts to address national security risks posed by Chinese technology companies, including collecting data from users. Says discussions continue between Bite Dance and U.S. officials The Wall Street Journal. They focus on data security and keeping information from US Dictoc subscribers out of the reach of the Chinese government.

Sources told the WSJ that any deal would be different from the solution the Trump administration thought of last September. Dictok “United Nations National SecurityThe Trump administration has demanded that the popular light video sharing application be placed under the US flag. Donald Trump offered his contract in principle to Oracle and Walmart for a 20% stake in Dictac Global, responsible for global operations on the platform and headquartered in the United States.

But the president’s relatives estimate that US investors will have a majority control over the new company. Bite Dance’s position then developed, with the panel proposing to create a company for its U.S. operations, suggesting that it was willing to give up its majority.

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See also – Dictok threatens to be fired by Donald Trump, says “stay here” (Video of 08/02/2020)

Harrison Matthews

 "Evil musicaholic. Web fanatic. Communicator. Twitter practitioner. Travel lover. Food advocate."

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