TikTok's PARENT COMPANY ByteDance APPLIES FOR CHINESE TECH EXPORT LICENSE TO COMPLETE U.S. DEAL

Highlights

• ByteDance submitted an application to Beijing’s municipal commerce bureau and now is waiting for the approval

• While speaking to the reporters on Thursday, spokesman of Chinese commerce ministry Gao Feng said that the application from ByteDance has been received and would be handled in accordance with relevant regulations and procedures

• This deal with Oracle and Walmart will re....