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ByteDance applies for tech export licence in China amid TikTok deal talks

Updated : September 24, 2020 07:30 AM IST

ByteDance has said that its deal with Oracle and Walmart, which will see the creation of a standalone US company, needs approval from both the United States and China. 
ByteDance said it will establish a US subsidiary called TikTok Global of which it will own 80 percent.
ByteDance applies for tech export licence in China amid TikTok deal talks

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