<p>ByteDance's proposal for US software firm to become a technology partner in its TikTok app still needs approval from Chinese and US officials, the company said on Thursday.</p>.<p>The proposal envisages Oracle becoming a "trusted" technology partner, while a source familiar with the situation said ByteDance is to hold majority ownership of TikTok.</p>.<p>The Trump administration, which has raised concerns that TikTok could hand American user data to the Chinese government, has ordered a ban on it by September 20 unless it is sold to an American firm. </p>
<p>ByteDance's proposal for US software firm to become a technology partner in its TikTok app still needs approval from Chinese and US officials, the company said on Thursday.</p>.<p>The proposal envisages Oracle becoming a "trusted" technology partner, while a source familiar with the situation said ByteDance is to hold majority ownership of TikTok.</p>.<p>The Trump administration, which has raised concerns that TikTok could hand American user data to the Chinese government, has ordered a ban on it by September 20 unless it is sold to an American firm. </p>