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Popular video app TikTok announced on Saturday that it had signed Oracle as its U.S. technology provider and Walmart as a business partner, which US President Donald Trump called “fantastic.”

“We are pleased that the proposal by Tiktok, Oracle, and Walmart will address the security concerns of the US administration and resolve questions aboutTiktok’s future in the United States,” said AFP, a spokesman for Tiktok, which owns China’s Fight Dance.

tiktok
TikTok back with Oracle as Tech Partner

Oracle will become “a trusted technology provider that will be responsible for hosting all U.S. user data and securing relevant computer systems to ensure that U.S. national security requirements are fully met,” the spokesman said. “We are also currently working on a business partnership with Walmart.”

He went on to say that the companies were “maintaining and expanding” Tiktok’s global headquarters in the United States and creating 25,000 new jobs.

Trump has previously praised the deal as “fantastic.”

“I have given this contract as my blessing,” he said. “If they do it, that’s fine. If they don’t, that’s fine too.”

tiktok trump
Trump – Announcement

Trump’s Allegation on Tiktok

Trump has been claiming for weeks that Tiktok has been collecting user data for Beijing, never providing evidence for his allegations.

In early August, he gave Bite Dance until September 20 to hand over Tiktok’s U.S. operations to an American company.

Also on Friday, the Trump administration ordered a ban on downloading the video-sharing app, as well as China-owned news site WeChat, escalating tensions with Beijing over technology.

Following Tiktok’s announcement, the United States delayed downloading the app until September 27.

Trump said “security will be 100 percent” and that companies will use separate cloud servers.

The president said the deal would lead to the creation of a new company headquartered in Texas, which has “no ties to China” but will still be called Dictok.

Trump also said that the companies involved would contribute $ 5 billion to the “education of American youth.” He had previously said that the federal government deserved the cut to recognize the deal.

TikTok’s spokesman only confirmed the creation of new jobs, and the company’s global headquarters will be in the United States.

Oracle confirmed its role in the deal, saying that Dictok’s decision “had greatly affected Zoom’s recent successes in moving most of its video conferencing capabilities to the Oracle public cloud.”

Walmart did not immediately respond to AFP’s request for comment.

‘Bullying’

WeChat, owned by Tencent, will lose operation in the United States from Sunday, following a Friday U.S. order against Chinese applications.

wechat tiktok trump
Wechat ban by President Trump

Following the announcement of the Tiktok-Oracle-Walmart agreement, Digtok users will be barred from installing updates from September 27, but they will have access to the service until November 12.

That deadline is likely to tie the deal with Walmart and Oracle to address Washington’s security concerns, protect data for popular use.

The brand of dictatorial short, humorous phone videos has become very popular, especially among young people, with over 100 million users in the United States alone.

As Trump faces a fierce re-election campaign, US officials have described the steps needed to protect him from Chinese intelligence through platforms.

But in response, China’s Ministry of Commerce on Saturday denounced the United States as “bullying”, saying it violated international trade rules and had no evidence of any security threat, shortly before launching a mechanism to allow foreign companies.

China accuses the US of 'bullying behavior'
Xi Jinping and Donald Trump

China’s long-awaited list of “unreliable companies” is seen as a weapon for Beijing to retaliate against the United States, which has used its own “list of companies” to expel Chinese telecommunications company Hawaii from the U.S. market, in addition to recent moves against TikTok and WeChat.

Trick critics say that while the dangers of dictatorship are not clear, the embargo raises concerns about the government’s ability to restrict free expression. The ban exacerbates the war with Beijing over technology, which, some analysts say, is a security concern.

Also Read, Paytm back on Google Play Store within hours – Reapproved after being blacklisted by Google after violating its policies!! [2020]

Flipkart is an Indian e-commerce organization based in Bangalore, Karnataka, India. This company was established by Sachin Bansal and Binny Bansal in 2007. The company focused on selling books, before expanding into other product categories such as consumer electronics, fashion, household and grocery items, and lifestyle products.

The service primarily competes with Amazon’s Indian subsidiary and national rival Snapdeal. As of March 2017, Flipkart had a market share of 39.5% of the Indian e-commerce industry. Flipkart is difficult dominant in clothing sales (a position that was reinforced by the acquisition of Myntra) and is described as “side by side” with Amazon in the sale of mobile electronic and mobile products. Flipkart additionally owns PhonePe, a mobile payment set based upon the Unified Payment Interface (UPI).

Walmart and Flipkart

With reference to the declaration from Walmart’s dealings, eBay stated that it would trade its Flipkart stick to the company concerning around $ 1.1 billion also relaunch its own actions in India. The company stated that “There is the tremendous growth potential for e-commerce in India and a significant opportunity for multiple players to succeed in India’s diverse national market.” Softbank Group also sold its full 20% stake to Walmart, without disclosing the terms of the sale.

Acquisition

The acquisition was completed on August 18, 2018. Walmart also provided $ 2 million in equity to the company. On November 13, 2018, Flipkart CEO Binny Bansal resigned, after facing an accusation of “serious personal misconduct”. Walmart said that “although this inquiry found no proof to prove the assertions against Binny, it made expose other flaws in the trial, unusually the need of clarity, compared to how Binny responded to the circumstances.”

The breakdown

On March 25, 2020, Flipkart accompanying Amazon announced that they wish to suspend all aids in India. The suspension was recognized as a result of confusion over the details of the country’s strict 21-day blockade amid the outbreak of the COVID-19 pandemic.

Big Saving Days

Flipkart is organizing the sale of Big Saving Days on the platform. The sale will be active June 23-27, during which consumers will be able to get smartphones, accessories, and other electronic items at a discounted price.

In addition, during the sale of Big Saving Days, users can also take advantage of additional bank discounts. HDFC Bank customers will be eligible for an instant 10 percent discount on the use of HDFC Bank cards or EMI transactions. We are listing the best smartphone deals you can get at Flipkart sale.

Below are the most great offers to grab

Flipkart sales

Get up to 70% off on Headphone and Speakers

Flipkart sales

 Buy Men Casual Shirts starting from Rs.415

Flipkart sales

 Buy Trimmers and Hair Clippers starting from Rs.399