Sept. 24 (UPI) — TikTok’s parent company, ByteDance, requested permission from Beijing to export its technology, as the company’s executives work furiously to push through a deal with Oracle and Walmart before a November deadline.
The Chinese social media platform is making the move as SoftBank’s Masayoshi Son is expected to join the TikTok Global board, according to Fox Business.
Time is running out for TikTok if it wants to avert a shutdown in the United States. ByteDance’s application for an export license was submitted Thursday, the company said, according to CNBC and The Wall Street Journal.
ByteDance is complying with new Chinese regulations that restrict the export of technologies for “recommendation of personalized information services based on data analysis,” according to reports.
The regulations went into effect in August, as tensions grew with the United States over the status of Chinese tech firms. U.S. President Donald Trump ordered the