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

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

(The stream is slated to start out 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, notably teenagers, and that TikTok will firewall U.S. person knowledge from “unauthorized international entry.” Chew additionally plans to say that the corporate “is not going to be manipulated by any authorities” and it is going to be clear and permit unbiased screens to evaluate its compliance.

TikTok has touted a posh plan often known as Challenge Texas to assist ease U.S. considerations over its possession. Beneath the plan, it is going to 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 big ByteDance, and there are longstanding fears amongst U.S. policymakers that the Chinese language authorities might drive TikTok to show over the huge trove of non-public knowledge it collects as a part of its enterprise mannequin.

After two years of negotiations with the Committee on Overseas Funding in the USA, 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 help behind a brand new bipartisan Senate invoice that may give the Commerce Division the facility to ban TikTok within the U.S. That invoice and others prefer it in Congress have attracted scores of co-sponsors, each Democrats and Republicans.

TikTok grew to become a viral sensation within the U.S. by permitting younger folks to create and share quick movies. However the firm introduced this week that it has 150 million customers in the USA, a determine that, if confirmed, quantities to almost 60% of the inhabitants.

This text was initially printed by Learn the unique article right here.

Comments are closed.