China receives ByteDance’s application for TikTok-Oracle deal

BEIJING (Reuters) – China’s Ministry of Commerce said the Beijing commerce authority has received ByteDance’s application for a technology export license.

Ministry spokesman Gao Feng made the remarks at an online news conference on Thursday.

ByteDance is racing 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.

Reporting by Gabriel Crossley; editing by John Stonestreet

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