According to the report, we can learn from this incident that when ByteDance and Oracle Bone Inscriptions cooperated, ByteDance kept most of Tik Tok's shares and controlled the algorithm, while Oracle Bone Inscriptions and other American investors held minority shares. People familiar with the matter said that Oracle Bone Inscriptions will fully obtain the source code and software updates from Tik Tok to ensure that its China parent company will not use ByteDance to monitor users in the United States. In this way, in fact, the initiative and core technology are still in ByteDance's hands, which is a relatively safe way to deal with it.
Moreover, the cooperation between Oracle Bone Inscriptions and ByteDance is the normal operation of data security. And according to the needs of business development, Tik Tok will take the United States as the company headquarters in the future, and Tik Tok's team will continue to expand its posts, adding 25,000 jobs. Tik Tok will also set up a global education foundation with a total investment of US$ 5 billion in conjunction with a number of companies to improve the global education level through technology and online video.
So, in any case, this is the result of concessions made by both sides, and some rights and interests of ByteDance have been damaged, but it is good to have such a result. After all, when the United States strongly urged ByteDance to close or sell its own enterprises, we can see how overbearing it was at the beginning, which hindered the development of an enterprise and even wanted to destroy it. The result of handling this matter is not satisfactory. I hope ByteDance will get better and better in its future development.