Oracle emerges as new contender to buy TikTok's US operations

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Oracle emerges as new contender to buy TikTok's US operations
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Oracle Corp enters race to buy TikTok as the Chinese company defends itself against accusations by the Trump administration

has stepped up its defence against US accusations that the popular video app is a national security threat, denouncing what it called "rumours and misinformation" about its links to the Chinese government.

"TikTok has never provided any US user data to the Chinese government, nor would it do so if asked," the company said in the post.US user data is stored here, with a backup in Singapore, according to TikTok.Twitter account to address issues in real time. The US leader early this month also ordered a ban on the messaging app WeChat which is used extensively in China.for ByteDance to sell its interest in Musical.ly, the app it bought and merged with TikTok in 2017, citing national security.Undermining trust

TikTok also repeated its intention to "pursue all remedies available to us in order to ensure that the rule of law is not discarded."Chinese foreign ministry spokesman Zhao Lijian on Monday said TikTok had done everything required by the US, including hiring Americans as its top executives, hosting its servers in the US and making public its source code.

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