Chinese state media praised the proposed deal between TikTok creators ByteDance and Oracle Corporation on Tuesday — The Communist Party’s Global Times saluted it as recognition for “the hard-won efforts of the Chinese company amid a lack of trust between the world’s two largest economies.”
“The deal still needs approval from the US government, and any flip-flop by the Trump administration will add uncertainty and challenges to the deal,” the Global Times grumbled, quoting some Chinese analysts who thought President Donald Trump might scuttle the deal to “play the China card” and boost his re-election prospects.
ByteDance and Oracle issued upbeat statements about the chances for keeping the TikTok video microblogging platform alive in the United States:
TikTok on Monday said in a statement it had submitted a proposal to the US administration, which “we believe would resolve the administration’s security concerns.”
“This proposal would enable us to continue supporting