The world’s most valuable startup sought to play down speculation it’s giving up control of valuable Chinese technology and assets after striking a deal with Oracle and Walmart to create TikTok Global.
The company, controlled by billionaire Larry Ellison, has made a preliminary approach to other parties, including the venture capital firm Sequoia Capital, to partner with it in a bid for the app’s operations in the U.S., Canada, Australia and New Zealand, reports Bloomberg News.
