TikTok is the first widely used app that the US has proposed banning over privacy and security concerns.
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ByteDance’s revenue surged more than 30% to surpass $80-billion in 2022, matching the tally at archrival Tencent.
Every accusation of data gathering that has been attributed to TikTok could also be attributed to US Big Tech companies, said Republican senator Rand Paul.
US politicians on Thursday battered TikTok’s CEO about potential Chinese influence over the platform.
TikTok faces a “pivotal moment” as a growing number of US lawmakers seek to ban the popular app, its CEO said.
Britain is banning TikTok on government phones with immediate effect over security concerns.
The Biden administration has demanded that TikTok’s Chinese owners divest their stakes in the popular video app, the company said.
China’s government could use TikTok to control data on millions of American users, FBI director Christopher Wray told a US senate hearing on Wednesday.
TikTok outlined an effort to strengthen its data protection practices amid a widening crackdown on the Chinese app in Western nations.
The Chinese Internet giant hopes it can turn Channels into the next WeChat Pay, but competing with TikTok won’t be easy.