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Walmart joins Microsoft in bidding for TikTok

Date: 29 August 2020 Tags: Miscellaneous
  • Walmart is the latest company to want a piece of TikTok, the popular Chinese-owned video app that has come under fire from the Trump administration.
  • The world's largest retailer made a joint bid with tech giant Microsoft to buy TikTok's US business.
  • Microsoft and Walmart are already business partners. Microsoft provides cloud computing services that help run the retailer's stores and online shopping.
  • TikTokhas gained 100 million US users. But the White House is pushing TikTok's Chinese owner ByteDance to sell its US business if it wants to keep operating in the country, citing security risks.