Social media app TikTok reiterated its independence from China as stressed on its letter sent to the U.S. lawmakers but failed to convince Senator Josh Hawley who spearheaded the hearing session on Tuesday on the security of U.S. citizens’ personal data.
ByteDance Ltd, which runs TikTok is a Chinese-based company that sent a letter to U.S. lawmakers stating that it hired a U.S.-based auditing firm to analyze TikTok data security practices.
“TikTok claims they don’t store American user data in China. That’s nice. But all it takes is one knock on the door of their parent company based in China from a Communist Party official for that data to be transferred to the Chinese government’s hands,” said Republican Hawley during the senate hearing.
In the letter signed by TikTok U.S. General Manager Vanessa Pappas, the company said it keeps all U.S. user data in the United Sates, with backup redundancy in Singapore.
Hawley asked for TikTok executives to testify before the hearing committee under oath. He also labeled the company ‘a threat to national security’.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
Apple, Google, Amazon, and Facebook’s chief executive officers faced Republican and Democratic U.S. lawmakers on Wednesday for the much-anticipated congressional hearing. The CEOs were questioned for alleged abuse of their market power ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
The dollar was under pressure on Monday as the escalating U.S.-China tensions weighed on the market, while investors worried that the U.S. coronavirus resurgence could stall economic recovery. The dollar fell to a four-month low on the yen ...