operations, and rumors began circulating that Oracle is the winner, China’s state broadcaster CGTN reported that ByteDance will not sell TikTok’s U.S.

A source told the South China Morning Post earlier that the tech upstart has decided not to sell or transfer the source code behind its popular video app.

First, the Chinese government revised its export rules that could block the transfer or sale of ByteDance’s recommendation algorithms, and now there’s the state report refuting rumors that Oracle has secured the deal.