The US and China are edging toward a deal to resolve the future of TikTok in the US, with Oracle Corp. cast in a starring role.
Under a US law passed last year, TikTok’s Beijing-based parent company ByteDance Ltd. must divest its US operations or face a ban of the app. President Donald Trump is negotiating an arrangement with China that would spin off TikTok’s US operations to a group of American investors, including Oracle.
For several years, Oracle has provided cloud services for TikTok in the US, maintaining a firewall between American users’ data and ByteDance employees in China. ...
