The whole lot we all know to date about Oracle not really shopping for TikTok

A casually dressed young woman shrugs while holding the logos of two competing companies.

Enlarge / ¯_(ツ)_/¯ (credit score: Aurich Lawson / Getty Photos)

It was a bizarre weekend to finish a bizarre summer time for one of many nation’s most poular social media apps, TikTok. First, in August, the Trump administration threatened to ban TikTok until it discovered a US purchaser. Then final weekend, one-time darkish horse Oracle emerged victorious in a federally mandated contest to amass TikTok. Besides, it seems, Oracle is not really buying TikTok in any respect—and Oracle and TikTok’s present father or mother firm, ByteDance, disagree on who’s going to be in cost.

In case you’re confused, you are in good firm. This is our try to put out all the pieces we find out about TikTok, Oracle, and their mysterious deal to date.

What’s TikTok? Who owns it?

TikTok is a particularly common short-form video app used worldwide. The app appeared in its present incarnation after its father or mother firm, Beijing-based ByteDance, acquired US startup Musical.ly in 2017 and built-in it with its present TikTok product below the TikTok identify.

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Impending WeChat ban received’t truly ban customers from WeChat, DOJ says

There's no ban on WeChat in the US right now, the DOJ says, which is true—but that's supposed to change, somehow, in the immediate future, and nobody knows how.

Enlarge / There is no ban on WeChat within the US proper now, the DOJ says, which is true—however that is supposed to vary, one way or the other, within the quick future, and no one is aware of how. (credit score: Budrul Chukrut | SOPA Photographs | LightRocket | Getty Photographs)

Three days earlier than a ban on the usage of China-owned app WeChat in the USA is meant to take impact, the Trump administration nonetheless hasn’t stated what particularly is being banned—solely that people won’t be penalized for utilizing the app, regardless of the alleged risk it presents to nationwide safety.

Secretary of Commerce Wilbur Ross does “not intend to take actions that will goal individuals or teams whose solely reference to WeChat is their use or downloading of the app to convey private or enterprise data between customers, or in any other case outline the related transactions in such a approach that will impose legal or civil legal responsibility on such customers,” attorneys for the Division of Justice wrote in a courtroom submitting (PDF).

Customers of WeChat could discover companies “instantly or not directly impaired” by no matter measures the administration does find yourself imposing, the submitting continued, however “use and downloading of the app for this restricted function won’t be an outlined transaction.”

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Chinese language hackers have pillaged Taiwan’s semiconductor trade

Chinese hackers have pillaged Taiwan’s semiconductor industry

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Taiwan has confronted existential battle with China for its total existence and has been focused by China’s state-sponsored hackers for years. However an investigation by one Taiwanese safety agency has revealed simply how deeply a single group of Chinese language hackers was capable of penetrate an trade on the core of the Taiwanese financial system, pillaging virtually its total semiconductor trade.

On the Black Hat safety convention as we speak, researchers from the Taiwanese cybersecurity agency CyCraft plan to current new particulars of a hacking marketing campaign that compromised at the very least seven Taiwanese chip corporations over the previous two years. The sequence of deep intrusions—known as Operation Skeleton Key because of the attackers’ use of a “skeleton key injector” method—appeared geared toward stealing as a lot mental property as attainable, together with supply code, software program improvement kits, and chip designs. And whereas CyCraft has beforehand given this group of hackers the title Chimera, the corporate’s new findings embody proof that ties them to mainland China and loosely hyperlinks them to the infamous Chinese language state-sponsored hacker group Winnti, additionally generally generally known as Barium, or Axiom.

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DOJ: Chinese language hackers stole “lots of of tens of millions of {dollars}” of secrets and techniques

The Department of Justice seal as seen during a press conference in December 2019.

Enlarge / The Division of Justice seal as seen throughout a press convention in December 2019. (credit score: Samuel Corum | Getty Photos)

Two state-sponsored hackers in China focused US companies in a “subtle and prolific risk” for greater than 10 years, each for monetary achieve and to steal commerce secrets and techniques, the Division of Justice stated right now.

The 11-count indictment (PDF), which was made public right now, alleges Li Xiaoyu and Dong Jiazhi labored with China’s Ministry of State Safety (MSS) and different companies to hack into “lots of of sufferer corporations, governments, non-governmental organizations, and particular person dissidents, clergy, and democratic and human rights activists in america and overseas.”

Li and Dong have been allegedly infiltrating networks of companies in a big selection of sectors, together with “excessive tech manufacturing; civil, industrial, and medical gadget engineering; enterprise, academic, and gaming software program growth; photo voltaic vitality; and prescription drugs,” in addition to protection contractors, since no less than September 2009. In latest months, prosecutors allege, the 2 have been looking for methods in to “the networks of biotech and different companies publicly recognized for work on COVID-19 vaccines, therapies, and testing know-how” in no less than 11 nations, together with the US.

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