China is calling a TikTok deal a win. What's in it for them?

In a recent development, China is hailing the proposed TikTok deal as a victory, despite the ongoing negotiations. The agreement involves the Chinese-owned video-sharing platform partnering with Oracle and Walmart, with the latter two companies taking a stake in the new entity. Experts suggest that this deal could allow China to retain some influence over TikTok's operations, even as the app's ownership becomes more diverse. Beijing may secure assurances that the platform's algorithm and data will remain under Chinese control, ensuring that the country's interests are protected. Furthermore, the deal could provide China with valuable insights into the global tech landscape and the evolving dynamics of the US-China relationship. By retaining a stake in TikTok, China may leverage the platform's success to bolster its own technological capabilities and international standing. However, the specifics of the agreement are still being negotiated, and the final outcome remains uncertain. The broader implications of this deal will likely be shaped by the ongoing geopolitical tensions between the United States and China.