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tl;dr TikTok tries to allay US data concerns, Twitter expands into social commerce, Zomato looks to lend Blinkit a hand, and more

TikTok nears Oracle deal in bid to allay US data concerns TikTok is close to an agreement with Oracle Corp to store its US customers' information without its China-based parent company ByteDance having access to it, in order to meet US regulatory concerns over data integrity on the popular short video app, as per reports on March 11. A year and a half ago, a US national security panel ordered ByteDance to divest TikTok. But the panel's order never got implemented after Joe Biden became the US President. The two businesses are working on a framework that would allow that team to function independently of TikTok's management and supervision. TikTok is also looking at forming partnerships with other digital businesses to work on firewalls and cybersecurity. Twitter starts testing 'Shops' to expand its social commerce presence Twitter will experiment with permitting companies to display up to 50 goods for sale on their accounts, the company said, as part of a bid to capture a slice of the $45 billion US social commerce sector. The beta test for Twitter Shops will be accessible for select businesses in the US and will be visible to individuals using the Twitter iPhone app. Facebook and Instagram have been leaders in social commerce, empowering vendors to set up virtual shops and sell items. Zomato may extend $75-100 million to rescue cash-strapped Blinkit Zomato might extend $75-$100 million in credit to save cash-strapped quick commerce startup Blinkit, as per reports. The funding comes at a time when the…

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