The closely watched case of tiktok’s U.S. business made significant progress on the 14th. According to Reuters, the parent company of tiktok gave up selling tiktok’s U.S. business and decided to establish a partnership with Oracle, hoping to avoid the ban from the U.S. government. < / P > < p > after trump issued a ban threat last month, byte hopping has been negotiating with a number of US companies to sell tiktok’s US business. On the 13th of this month, the US Microsoft company issued a statement saying that byte skipping indicated that it would not sell tiktok’s US business to Microsoft. Subsequently, according to a number of foreign media reports, byte beat will seek cooperation with Oracle. According to the US CNBC website reported on the 14th, US Treasury Secretary mnuchin confirmed the receipt of the proposal in an interview that day, saying that Oracle, as a reliable technical partner of tiktok, represents the solution to the national security problems of the United States. Mr. mnuchin said two procedures will be launched this week, one is the review of tiktok by the U.S. Foreign Investment Commission, and the other is a national security review based on an executive order of the president. It is worth noting that the solution mnuchin talked about does not involve the sale of tiktok as mentioned by trump, nor does it involve the transfer of tiktok’s core technology. The nature of the agreement between tiktok and Oracle is unclear, but has not been described as a “acquisition” in the full sense, according to CNN’s 14 daily. Oracle will be announced as tiktok’s “trusted technology partner” in the U.S., and will take over the management of tiktok’s U.S. user data, Reuters quoted a source as saying. In addition, some of the major investors in byte hopping, including transatlantic investment group and Sequoia Capital, will also acquire a minority stake in tiktok’s US business. Byte jitter said on the same day that it did not comment on the report, Reuters reported. On August 20, the executive order issued by the government of the U.S.A. government issued a “No. 45” order on the company’s “executive action” on September 20, and the executive order issued by the government of the United States of America (Topp) and its parent company on August 20, 2008 Tiktok’s US business has to be spun off within 90 days. Tiktok had already sued the trump Administration for one of the administrative orders. < / P > < p > it is worth noting that byte skipping will not provide tiktok source code to any American buyer, but tiktok’s technical team can develop a new algorithm, “cars can be sold, but engines can’t be sold.”. On the 28th of last month, the Ministry of Commerce and the Ministry of science and technology of the people’s Republic of China made adjustments to the catalogue of Technologies Prohibited from export and restricted in China. Some experts believe that some technologies in the new catalogue may involve byte jumping. < p > < p > CNBC website quoted a technology analyst of Lyon securities as saying on the 14th that even if the US ban comes on schedule, the impact on Chinese Internet companies will be smaller than that on telecom equipment companies such as Huawei, because they do not rely on international suppliers to provide parts and technology to manufacture products, and there is no value chain overseas, “they rely on their own technology”. In response to a question about tiktok’s rejection of Microsoft’s acquisition on the 14th, Wang Wenbin, spokesman of the foreign ministry, said that tiktok’s “hunting” in the United States was a typical “government coercion deal.”. Without any evidence, individual politicians in the United States generalize the concept of national security, abuse national power, and unreasonably suppress and coerce non-U.S. enterprises that have gained a leading position in a certain field. Wang Wenbin stressed that China urges the US government to provide an open, fair, just and non discriminatory international business environment for foreign enterprises to invest and operate in the United States. Global Tech