From Trump’s first ban attempt to a 2025 blackout, TikTok’s U.S. battle with Washington, data privacy fears, and a last-minute deal shows how close it came to collapse.

“The Chinese government will, according to law, examine and approve relevant matters involving TikTok, such as the export of technology as well as the licensing of intellectual property,” Wang said, adding that Washington and Beijing agreed that Bytedance would entrust a partner with TikTok U.S.’s user data and content security.

This clearly is an expansion of Oracle's original business, and now it looks as if this tech giant may be expanding further: Oracle, as part of a consortium, may take a stake in TikTok, according to press reports. China's ByteDance, TikTok's owner, has been under pressure from the U.S. to divest its U.S. business or face a shutdown in the country.