ByteDance co-founder Zhang Yiming has set up an investment company in Hong Kong.
Browsing: TikTok
Montana governor Greg Gianforte on Wednesday signed legislation to ban Chinese-owned TikTok from operating in the state.
The former executive claims he voiced concern to management that it was taking user content from other platforms, mainly Instagram and Snapchat.
TikTok is the first widely used app that the US has proposed banning over privacy and security concerns.
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.