> and that was accomplished

It's very optimistic to assume that China was beaten here.

Bytedance still owns the algorithm and 30% of the new company. This new wrapper firm is just being granted the license to serve as Bytedance's operations, essentially. All the stuff about it being 'trained on US content' and 'overseen' by Oracle is smoke and mirrors. This is really just the zombie of the deal that was done four years[1] ago and then quietly scrubbed.

This isn't significantly different than the way TikTok has been operating all along, the only difference is a few of the administration's cronies are able to get their heads into the feeding trough.

[1] https://www.cnbc.com/2020/09/19/trump-says-he-has-approved-t...