During a discussion in Spain, a representative from China's Ministry of Commerce announced that China and the United States have arrived at a foundational consensus regarding the appropriate resolution of the TikTok situation. As per sources, the prospective purchaser for TikTok is a consortium featuring Oracle, with ByteDance's ownership stake being trimmed down to 19.9%, while the remaining shares will be controlled by U.S. investors. Oracle will continue to host TikTok's U.S. user data as part of the ongoing 'Project Texas.' To oversee data movements, China and the United States will collaboratively form a 'Joint Supervisory Committee on Data Security.' TikTok's U.S. subsidiary will set up an autonomous board of directors, which will include a position for a 'National Security Director.' Firms like Oracle will gain access to TikTok's algorithm source code. Additionally, ByteDance will be obligated to produce an algorithm impact report and grant a decade-long usage right for the algorithm, with China ensuring the authorization's adherence to regulations. It's important to note that the aforementioned details remain unverified.