According to foreign media reports, tiktok is likely to announce the sale plan of its North American and Australian businesses in the next few days.
Wal-Mart, a retail giant that has long dominated the Fortune 500, has issued a statement confirming it is bidding with Microsoft. Reported that,Their intention price for tiktok's business in North America, Canada, Australia and New Zealand is 30 billion US dollars (about 206.7 billion yuan).
Wal-Mart says TikTok's integration of e-commerce and advertising is a clear benefit for creators and users of the market. By working with Microsoft TikTok in the United States, it can help it expand its third-party market and advertising revenue.
Of course, tiktok's potential buyer is Oracle, which neither Oracle nor Microsoft responded before the deadline.
Information shows,Tiktok has 100 million users in the United States and more than 2 billion downloads worldwideIts short video content is deeply loved and sought after by teenagers.