Tic Tok

One of the concerns about US companies operating in China is China's demand that they get controlling interest in the company (51%) before the company can have access to Chinese consumers. This then allows China to access the R&D information that these companies have accumulated. The most recent example is Tic Tok. This company is popular among Americans especially younger people. China can access the data from users and that information goes to the Communist leaders. Trump objected to that and said that he would ban Tik Tok unless some American company purchased it. Now Oracle has agreed to purchase Tic Tok but the agreement says once again that China will maintain 51% control. This leaves everything as it is. Whoever gets majority control will determine what happens to the information collected.