In the News: TikTok Oracle Approval; Unreliable Entity Rules; and 3 New FTZs

September 21, 2020 | BY

Vincent Chow

President Trump approves TikTok-Oracle deal to give popular Chinese app crucial lifeline; MOFCOM publishes implementation rules for Unreliable Entity List targeting foreign firms; and State Council announces three new FTZs in Beijing, Anhui and Hunan

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Oracle corporation logo on the building of new Czech headquarters on June 18, 2016 in Prague, Czech republic.

Trump approves TikTok-Oracle deal, postpones ban

United States President Donald Trump has approved TikTok's deal with Oracle, which will allow the Chinese video-sharing platform to remain in the U.S. market.