TikTok don't sell it.
Under heavy pressure, the byte beat makes a choice. Oracle (Oracle) will become TikTok business in the United States
U.S. Treasury Secretary manuchin said:
Oracle, as tiktok's trusted data security compliance partner, represents the resolution of U.S. national security issues. Tok will continue to create 20000 jobs for Tik in the United States.
At the same time,The deadline for tiktok's final solution was extended by five days to September 20.
At the same time, two procedures will be reviewed,One is the review of tiktok by CFIUS, and the other is the national security review based on the executive order of the president.
Cooperation rather than sale
It is worth noting that the solution mnuchin talked about is Oracle as a data compliance partner, similar to Apple's solution for data compliance in China from cloud Guizhou, tiktok cloud on California (Oracle headquarters). This cooperation does not involve the sale of tiktok as mentioned by trump, nor does it involve the transfer of tiktok's core technology.
According to foreign media, the deal will not be sold directly, and Oracle will occupy it TikTok the United States
in other words,No matter when and how byte hopping completes the divestiture of tiktok's assets, tiktok will still retain its key technical secrets and intellectual property rights, instead of handing them all over to US companies through a one-time clean sale.
In addition, according to media reports, the cooperation between tiktok and American enterprises is not limited to Oracle, but also Wal Mart. The cooperation with Wal Mart is mainly focused on e-commerce.
For byte skipping, if the transaction can be successfully completed, maybe this is the best outcome at present.
Since the promulgation of Trump's executive order on August 6, tiktok's US business has experienced a reversal. From Microsoft, Facebook, twitter to Oracle, Wal Mart... The list of tiktoks has been growing, but judging from the current results, they have not been able to buy tiktok.
Why oracle bone inscriptions?
Previously, compared with other purchasers, Microsoft was the first to sell. With its abundant cash flow and brand potential, Microsoft was once the most vocal potential buyer, and yesterday, Microsoft officially announced that it was out of the game.
So, why oracle bone inscriptions?
Founded in 1977, Oracle is the world's largest enterprise software company. According to the financial times, Oracle has been cooperating with byte hopping investors in the bidding process, including private equity group pan Atlantic investment group and venture capital Hongshan capital.
At the same time, Oracle is also the technology company closest to the trump administration. Ellison, the founder of Oracle, is one of the few public supporters of trump among Silicon Valley entrepreneurs. Ellison was a Republican, and he was also a big money maker of the Republican Party. His personal assets exceed $60 billion.
Despite these objective factors, it is not surprising that Oracle and tiktok have reached a cooperation agreement.
As we all know, Oracle has been competing with Microsoft and Amazon AWS in the field of cloud computing. At present, in the cloud computing market, Amazon is the dominant company, and Microsoft, Google and Alibaba cloud are also catching up.
On February 3, Oracle said it had added new cloud computing data centers in five countries, aiming to have 36 data centers around the world by the end of 2020, thus seizing more market share of cloud computing with Amazon and Microsoft.
As the world's second-largest software company after Microsoft, Oracle will not easily admit defeat despite being separated from the cloud computing market by Amazon, Microsoft and other industry giants. With its strong capital accumulation and technical advantages, Oracle will take back the lost market.
In order to catch up with the cloud market, Oracle has carried out radical reform, reorganized its internal structure and adjusted its internal personnel accordingly. Today, Oracle is backed by the federal government in the Supreme Court for its Java patent chips in its commercial dispute with Google.
Meanwhile, bloody cloud-computing competition continues, with Oracle and Microsoft
Oracle, however, filed an appeal because it failed to qualify for bidding.
Moreover, according to market analysis, one of the reasons why oracle is necessary for TikTok is to look at the massive data of TikTok. By placing TikTok data on oracle servers, oracle may be able to open the way for new industries.
Although Oracle does not have a social media application that can be combined with tiktok, it can still use the large amount of customer data collected by tiktok to improve its marketing business and cloud computing tools. If Oracle, which provides a variety of marketing services, can connect its services with social networks, it will have a significant advantage in data analysis.
TikTok has more than 2 billion downloads, and its large user base is attractive to oracle. By working with TikTok, Oracle can enter the consumer market through social networks and shorten the gap with its competitors.
Now, tiktok's fate has gradually come to the surface, and has come up with a third plan other than selling and shutting down. But this cooperation has not yet been finalized yet. The US Foreign Investment Commission (CFIUS) will meet this week, and then make suggestions to President trump, who will make the final decision.
If the deal is not backed by trump, tiktok will be left with the only way to shut down its U.S. business.