After Microsoft was rejected, Oracle became TikTok's only known remaining competitor. Any such transactions must be completed by November 12. While users who have already downloaded the apps may be able to continue using the software, the restrictions mean updated versions of the apps cannot be downloaded. People familiar with the matter said that Oracle Corp.'s negotiations for TikTok's US operations intensified in recent days, indicating that the software maker was surpassing its main rival, Microsoft Corp.  A decision may be made in the next few days.

The Department said Friday that, as of Sunday, any moves to distribute or maintain WeChat or TikTok on an app store will be prohibited. Otherwise, it will face a shut down by September 29.

But the announcement also lays out a different time frame specific to TikTok, giving it until Nov 12 to resolve the US national security concerns. The deadline set for the TikTok deal is a Sunday, Nov 12, leaving time for TikTok and Oracle to hammer out a deal that can be approved by Trump and the Chinese government.TikTok Opposes the US Decision to Continue Processing Trump's Exclusive Order,TikTok's New Revision Keeps ByteDance as Majority Owner.TikTok's Chinese parent company, ByteDance, will continue to be a majority shareholder in the short-form video app under a proposed deal with Oracle being reviewed by the Trump administration this week, according to CNN business. All rights reserved.Wuliangye: Yet to Reach Moutai's Level – But Still a Good Bet for 'Luzhou' [1/2],China's Screen Dreams: New Generations, More Fabs and More Tech,Growth and Challenges of Pinduoduo, the Chinese eBay – Initiate with Hold [1/2],Bid for Molecular Tech in China's Early-Stage Cancer Detection Market,Why Is It Not a Good Time to Invest in Ctrip,Xiaohongshu Leads Lifestyle for Younger Generations by Using Special Strategies,NetEase Music and Universal Music Enter into Licensing Agreement. But after Beijing officially announced new regulations to restrict technology exports, the situation may have changed abruptly.

New restrictions included speech recognition and techniques for personalizing content. People familiar with the matter said that, after China's new regulations complicated negotiations with bidders Microsoft Corp. and Oracle Corp., ByteDance is increasingly likely to miss the Trump administration's deadline to sell its US-based TikTok business.

A few months ago, TikTok signed a similar initiative in the European Union, which aimed to combat the spread of online disinformation through a series of non-legally binding commitments.Tencent Music Attends the WIPO Conference as the Only Representative of Chinese Enterprises,WeChat Responses of No Consensus Reached After Discussions with the US,Bilibili Successfully Launches Video Satellite,TikTok China's Rival Kuaishou Prepares for Hong Kong IPO,Meituan Bike Joins Bilibili to Launch 'Bullet Screen Bike' in Universities,Tencent Sports and Premier League Reached Exclusive Broadcast Agreement,iQIYI Sports Cooperates with FC Barcelona.EqualOcean is an international information service provider and investment research firm that aims to become a global platform for industrial innovation.We strive to make technology inclusive, accessible and transparent.9 Xiaguangli, 10F Block A CEC Development Mansion, Chaoyang Dc, Beijing 100125, China,A002, 5F, Ai Tower, 701 Yunjin Road, Xuhui Dc, Shanghai 200232, China,800 Third Ave, 28F, New York, NY 10022, USA.Copyright ©2020 EqualOcean.com. ByteDance is likely to miss the deadline imposed by the Trump administration for the sale of TikTok's US assets as new Chinese regulations have complicated deal talks with bidders Microsoft Corp and Oracle Corp. In the meantime, the company is planning an aggressive expansion across Southeast Asia, current and former staffers told Reuters.It is testing 'creator' marketplaces across the region, championing influencers, and negotiating data deals with telecoms firms to keep a lid on consumers' smartphone bills, according to the sources.It is chasing small to medium-sized businesses as advertisers - nearly nine out of every 10 firms in Southeast Asia are classified as small - complete with how-to-advertise seminars, millions of dollars in advertising credits, and a self-service platform for businesses to make their own ads, Reuters reported.ByteDance declined to comment to Reuters on its Southeast Asian plans.Â,While shutting down TikTok in the US would prevent new users from downloading the app, it is not clear whether those who have already downloaded the app in the US would lose accessÂ,Al Jazeera Centre for Public Liberties & Human Rights.

If both Trump and the Chinese government approve this new deal, Bytedance would still be the majority owner of this popular short-video App. The White House previously set the deadline for ByteDance on September 20 to announce plans to sell TikTok's US business to a US company. In addition, ByteDance, the parent company of TikTok, will not sell or transfer the algorithm behind the popular video-sharing app in any sale or divestment deal.TikTok Owner ByteDance to Spend Billions on Singapore Base,ByteDance in Talks with US Government to Avoid Full Sale of TikTok.TikTok's parent company ByteDance is discussing possible solutions with the United States government, which will allow the company to avoid a full sale of social media operations of the US business, according to Wall Street Journal.

In addition to cutting off access for TikTok's US users, shutting down TikTok could deprive "influencers" who have built large followings on the app from income they receive from advertisers for promoting products and services.While shutting down TikTok in the US would prevent new users from downloading the app, it is not clear whether those who have already downloaded the app in the US would lose access.ByteDance has been in talks to sell TikTok's North American, Australian and New Zealand operations, which could be worth $25-30bn, since the beginning of this month.Walmart Inc said on Thursday it was joining Microsoft in its bid for TikTok's US assets, revealing its plans hours after the app's recently named chief executive, Kevin Mayer, said he would step down.Oracle, whose Chairman Larry Ellison is one of the technology world's few supporters of Trump, has partnered with some of ByteDance's investors, including General Atlantic and Sequoia, on its bid for the TikTok assets.TikTok has also been banned in India.