TikTok stated that it believes the proposal, submitted today to the US Treasury, should resolve the security concerns previously raised by Washington, when it demanded that the company’s operations in the US either be sold to an American company or face a ban.
Oracle earlier revealed that under the proposal submitted by TikTok’s Chinese parent company, ByteDance, the firm would become a “trusted technology provider” for the video platform in the US. Treasury Secretary Steven Mnuchin, in turn, hinted that TikTok had pledged to build a headquarters in the US, thus creating 20,000 new jobs.
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