By
Liza Lin and
Lingling Wei
Chinese officials weighing whether to approve or kill an agreement to turn TikTok into a U.S.-based company are eager to ensure that the short-video app’s Chinese owner retains control over its global operations and that TikTok’s source code remains secret.
TikTok parent ByteDance Ltd. said Thursday that it had submitted to Chinese authorities its plan, which involves a partnership with Oracle Corp. and Walmart Inc. Much uncertainty still surrounds the proposed deal on both sides of the Pacific; Chinese state media has criticized…
