TikTok Dismisses Calls for Chinese Owners to Sell Stakes
TikTok has dismissed calls for Chinese owners ByteDance to sell stakes in the social media giant to dispel concerns over Chinese ownership. The app has faced growing scrutiny by US lawmakers over its handling of user data due to ByteDance's ties to the Chinese government.
TikTok has been trying to distance itself from its Chinese roots, recently appointing a new CEO who is based in the US and hiring local executives. However, the recent calls by US lawmakers for ByteDance to sell stakes in the company highlights the ongoing tensions between the US and China over technology and data security.
In response to the calls, TikTok stated that it is committed to transparency and accountability, and will continue to work with regulators and lawmakers to address any concerns. The company has also emphasized that it operates independently from ByteDance and that user data is stored in the US and Singapore, not China.
The situation has raised questions over the future of TikTok and its ability to operate in the US. Some lawmakers have called for a ban on the app, while others have suggested that it be sold to a US company.
TikTok, which has over 1 billion users worldwide, has become increasingly popular in the US among younger generations, and has been a platform for viral challenges and dances. However, concerns over data privacy and security have led to calls for the company to take action.
https://www.lifetechnology.com/blogs/life-technology-technology-news/tiktok-dismisses-calls-for-chinese-owners-to-sell-stakes
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