Chinese Mainland Seeks Balanced TikTok JV Deal in the U.S.
The Chinese mainland government calls for a balanced TikTok joint venture solution in the U.S., emphasizing compliance with Chinese laws and mutual interests.
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The Chinese mainland government calls for a balanced TikTok joint venture solution in the U.S., emphasizing compliance with Chinese laws and mutual interests.
Chinese mainland’s Ministry of Commerce urges balanced solutions for TikTok’s new US joint venture, calling for legal compliance and a fair, open environment to boost China-US economic ties.
TikTok has signed binding agreements with Oracle, Silver Lake and MGX to form a 50% American-owned US joint venture, protecting data and securing its future in the United States.
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