UPDATE 3-ByteDance applies for tech export licence in China amid TikTok deal talks [Reuters]
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Source: Reuters
By Brenda Goh 3 Min Read SHANGHAI (Reuters) - ByteDance has applied for a tech export licence in China as it races to seal a deal with Oracle Corp and Walmart Inc that it hopes will end U.S. government plans to ban its TikTok video-streaming app on security grounds. The Beijing-based firm submitted the application to Beijing’s municipal commerce bureau and is awaiting a decision, it said in a statement on its Toutiao online news platform on Thursday, without referring to ongoing talks over its U.S. operations. The application comes about a month after China revised its list of technologies subject to export bans or restriction for the first time in 12 years, in a manner which experts said gave the government a say over any TikTok deal. ByteDance has said its deal with Oracle and Walmart will see the creation of a standalone U.S. company and does not involve any transfer of technology though Oracle will be able to inspect TikTok U.S. source code. It has also said the deal needs approv
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