javascript hit counter
Business, Financial News, U.S and International Breaking News

Watch reside: TikTok CEO testifies earlier than Home committee as potential U.S. ban looms

(The stream is slated to begin at 10:00 a.m. ET. Please refresh the web page if you don’t see a video above at the moment.)

TikTok CEO Shou Zi Chew will testify earlier than the Home Power and Commerce Committee on Thursday morning as his firm fights to stave off a possible ban within the U.S.

Chew plans to inform Congress that he strongly prioritizes the protection of customers, significantly teenagers, and that TikTok will firewall U.S. person knowledge from “unauthorized overseas entry.” Chew additionally plans to say that the corporate “won’t be manipulated by any authorities” and will probably be clear and permit impartial screens to evaluate its compliance.

TikTok has touted a posh plan often known as Undertaking Texas to assist ease U.S. issues over its possession. Below the plan, it’ll base its U.S. knowledge operations domestically and permit its code to be reviewed and despatched to the app shops by exterior events.

TikTok is owned by Chinese language web large ByteDance, and there are longstanding fears amongst U.S. policymakers that the Chinese language authorities may drive TikTok to show over the huge trove of private knowledge it collects as a part of its enterprise mannequin.

After two years of negotiations with the Committee on International Funding in america, or CFIUS, the White Home reportedly demanded final week that ByteDance promote TikTok. On Thursday, a Chinese language commerce ministry spokeswoman stated, “If the information is true, China will resolutely oppose it.”

The Biden administration has additionally thrown its assist behind a brand new bipartisan Senate invoice that may give the Commerce Division the facility to ban TikTok in america. That invoice and others prefer it in Congress have attracted scores of co-sponsors, each Democrats and Republicans.

TikTok turned a viral sensation within the U.S. by permitting customers — significantly younger folks — to create and share quick movies. The corporate introduced this week that it has 150 million customers in america, a determine that, if confirmed, quantities to almost half of the U.S. inhabitants.

This text was initially revealed by Learn the authentic article right here.

Comments are closed.