Employees walk outside the headquarters of ByteDance, the owner of video sharing app TikTok, in Beijing on Aug 5, 2020. (NOEL CELIS / AFP)

SHANGHAI - The Beijing Municipal Commerce Bureau has received the application for technology export submitted by Beijing-based ByteDance Co, said Commerce Ministry spokesman Gao Feng on Thursday.

The application will be handled based on regulations and procedures, Gao said.

Gao also urged the US to provide a fair, stable and predictable business environment for enterprises and investment. 

Earlier in the day, ByteDance said in a statement on its Toutiao online news platform it has submitted the application to Beijing's commerce bureau.

The application comes about a month after China revised its list of technologies subject to export bans or restriction for the first time in 12 years

The application comes about a month after China revised its list of technologies subject to export bans or restriction for the first time in 12 years, in a manner which experts said gave the government a say over any TikTok deal.

READ MORE: ByteDance plan for US TikTok firm 'envisions IPO in a year'

The application also comes as ByteDance races to seal a deal with Oracle Corp and Walmart Inc that it hopes will end US government plans to ban its TikTok video-streaming app on security grounds.

ByteDance has said its deal with Oracle and Walmart will see the creation of a standalone US company and does not involve any transfer of technology though Oracle will be able to inspect TikTok US source code.

It has also said the deal needs approval from both China and the United States.

However, the companies have issued conflicting statements over the terms of the agreement they reached with the White House, casting doubt over whether it will hold.

ByteDance said it will establish a US subsidiary called TikTok Global of which it will own 80 percent.

ALSO READ: ByteDance says it will keep major TikTok stake

Oracle and WalMart, however, said majority ownership of TikTok Global would be in American hands, complying with an Aug 14 executive order by US President Donald Trump that ByteDance relinquish ownership of TikTok within 90 days.