The United States on Saturday delayed the ban on popular Chinese video-sharing app TikTok till September 27. The decision came after TikTok’s proposal to make multinational firm Oracle its US technology provider and retail company Walmart a commercial partner, AFP reported.
The US Department of Commerce referred to the proposal as a “positive development”. “Secretary of Commerce Wilbur Ross, at the direction of President [Donald] Trump, will delay the prohibition of identified transactions pursuant to Executive Order 13942, related to the TikTok mobile application that would have been effective on Sunday, September 20, 2020, until September 27, 2020 at 11:59 p.m,” it said in a statement.
A spokesperson from TikTok’s parent company ByteDance confirmed the proposal to AFP. “We are pleased that the proposal by TikTok, Oracle, and Walmart will resolve the…