Xinhua News Agency, Los Angeles, September 14 (Reporter Huang Heng) TikTok issued a statement on the 14th that the company has submitted a plan to the US government.
American Oracle said on the same day that it had reached an agreement with TikTok's parent company, Bytedance, to become its "trusted technology provider", but the agreement still needs the approval of the US government.
TikTok said in the statement: "It can be confirmed that it has submitted a plan to the U.S. Department of the Treasury. I believe that this plan can solve the security concerns of the US government. This plan can help TikTok continue to support the platform with 100 million users in the United States. Running, users like to establish connections and entertain on this platform. At the same time, there are hundreds of thousands of small businesses and creators who rely on TikTok to make a living and expand meaningful businesses."
U.S. Treasury Secretary Mnuchin said in an interview with the media earlier on the 14th that the Treasury Department has received this proposal. Oracle, as a trusted technology partner of TikTok, represents the United States to resolve national security issues.
The parties have not yet disclosed the details of the plan.
However, according to the reporter's understanding, if the plan is approved, Oracle will provide TikTok with cloud services. This move does not involve the sale of TikTok or the transfer of TikTok's core technology.
On August 6, US President Trump signed an executive order stating that any US individual or entity will be prohibited from conducting any transactions with TikTok and its parent company Bytedance after 45 days.
On the 14th of that month, Trump signed another executive order requiring ByteDance to divest all rights and interests of TikTok's operations in the United States within 90 days.
A spokesperson for the Chinese Ministry of Foreign Affairs said in response to this that the US should stop unreasonably suppressing other countries' enterprises, including Chinese enterprises, and China also reserves the right to take necessary measures to safeguard the legitimate rights and interests of Chinese enterprises.