Alibaba Boycott ByteDance China Internet Online Shopping Online Video Oracle Revenue Social Media Technology TikTok
“While still a developing situation, we have received many inbounds on the potential implications of such a bill for Oracle, given that a portion of revenue for Oracle comes from TikTok's usage of its OCI Gen 2 cloud servers,” said Bernstein analyst Mark Moerdler and others in a note Thursday. According to Bernstein's China internet team, Alibaba lost $1.2B in revenue from ByteDance when it shifted its international workloads off of Alibaba in 2021. It is possible that revenue was distributed across multiple vendors in the US and EU, with Oracle receiving revenue associated with the U.S. infrastructure. “We have…
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