The China Mail - TikTok confirms US urged parting ways with ByteDance to dodge ban

USD -
AED 3.673042
AFN 63.503991
ALL 81.250403
AMD 376.940403
ANG 1.789731
AOA 917.000367
ARS 1398.425804
AUD 1.414027
AWG 1.8
AZN 1.70397
BAM 1.64926
BBD 2.014277
BDT 122.307345
BGN 1.647646
BHD 0.375226
BIF 2965
BMD 1
BND 1.264067
BOB 6.911004
BRL 5.219404
BSD 1.000055
BTN 90.587789
BWP 13.189806
BYN 2.866094
BYR 19600
BZD 2.011317
CAD 1.36155
CDF 2255.000362
CHF 0.767783
CLF 0.021854
CLP 862.903912
CNY 6.90865
CNH 6.901015
COP 3666.4
CRC 485.052916
CUC 1
CUP 26.5
CVE 93.303894
CZK 20.44504
DJF 177.720393
DKK 6.293504
DOP 62.27504
DZD 129.63704
EGP 46.615845
ERN 15
ETB 155.203874
EUR 0.842404
FJD 2.21204
FKP 0.733683
GBP 0.732547
GEL 2.67504
GGP 0.733683
GHS 11.01504
GIP 0.733683
GMD 73.503851
GNF 8780.000355
GTQ 7.67035
GYD 209.236037
HKD 7.81855
HNL 26.510388
HRK 6.348604
HTG 131.126252
HUF 319.430388
IDR 16832.8
ILS 3.09073
IMP 0.733683
INR 90.56104
IQD 1310.5
IRR 42125.000158
ISK 122.170386
JEP 0.733683
JMD 156.510227
JOD 0.70904
JPY 152.70604
KES 129.000351
KGS 87.450384
KHR 4022.00035
KMF 415.00035
KPW 899.945229
KRW 1440.710383
KWD 0.30661
KYD 0.833418
KZT 494.893958
LAK 21445.000349
LBP 89550.000349
LKR 309.225755
LRD 186.403772
LSL 15.945039
LTL 2.95274
LVL 0.60489
LYD 6.310381
MAD 9.141039
MDL 16.981212
MGA 4395.000347
MKD 51.914306
MMK 2099.574581
MNT 3581.569872
MOP 8.053972
MRU 39.920379
MUR 45.930378
MVR 15.405039
MWK 1736.503736
MXN 17.16435
MYR 3.907504
MZN 63.910377
NAD 15.960377
NGN 1353.403725
NIO 36.710377
NOK 9.506104
NPR 144.93218
NZD 1.655355
OMR 0.382709
PAB 1.000148
PEN 3.353039
PGK 4.293039
PHP 57.848504
PKR 279.603701
PLN 3.54775
PYG 6558.925341
QAR 3.64125
RON 4.291404
RSD 99.437038
RUB 76.275534
RWF 1455
SAR 3.750258
SBD 8.045182
SCR 13.479671
SDG 601.503676
SEK 8.922504
SGD 1.263604
SHP 0.750259
SLE 24.450371
SLL 20969.49935
SOS 571.503662
SRD 37.754038
STD 20697.981008
STN 20.85
SVC 8.750574
SYP 11059.574895
SZL 15.940369
THB 31.080369
TJS 9.435908
TMT 3.5
TND 2.84375
TOP 2.40776
TRY 43.649804
TTD 6.78838
TWD 31.384038
TZS 2600.000335
UAH 43.128434
UGX 3540.03196
UYU 38.554298
UZS 12150.000334
VES 392.73007
VND 25970
VUV 119.325081
WST 2.701986
XAF 553.151102
XAG 0.012937
XAU 0.000198
XCD 2.70255
XCG 1.802336
XDR 0.687473
XOF 553.000332
XPF 100.950363
YER 238.350363
ZAR 15.950904
ZMK 9001.203584
ZMW 18.176912
ZWL 321.999592
  • CMSD

    0.0647

    23.64

    +0.27%

  • RBGPF

    0.1000

    82.5

    +0.12%

  • JRI

    0.2135

    13.24

    +1.61%

  • BTI

    -1.1100

    59.5

    -1.87%

  • BCC

    -1.5600

    86.5

    -1.8%

  • GSK

    0.3900

    58.93

    +0.66%

  • BCE

    -0.1200

    25.71

    -0.47%

  • CMSC

    0.0500

    23.75

    +0.21%

  • RELX

    2.2500

    31.06

    +7.24%

  • BP

    0.4700

    37.66

    +1.25%

  • NGG

    1.1800

    92.4

    +1.28%

  • AZN

    1.0300

    205.55

    +0.5%

  • RIO

    0.1600

    98.07

    +0.16%

  • RYCEF

    0.2300

    17.1

    +1.35%

  • VOD

    -0.0500

    15.57

    -0.32%

TikTok confirms US urged parting ways with ByteDance to dodge ban

TikTok confirms US urged parting ways with ByteDance to dodge ban

TikTok confirmed Wednesday that US officials have recommended the popular video-sharing app part ways with its Chinese parent ByteDance to avoid a national ban.

Text size:

Western powers, including the European Union and the United States, have been taking an increasingly tough approach to the app, citing fears that user data could be used or abused by Chinese officials.

"If protecting national security is the objective, calls for a ban or divestment are unnecessary, as neither option solves the broader industry issues of data access and transfer," a TikTok spokesperson told AFP.

"We remain confident that the best path forward to addressing concerns about national security is transparent, US-based protection of US user data and systems, with robust third-party monitoring, vetting, and verification."

The Wall Street Journal and other US news outlets on Wednesday reported that the White House set an ultimatum: if TikTok remains a part of ByteDance, it will be banned in the United States.

"This is all a game of high stakes poker," Wedbush analyst Dan Ives said in a note to investors.

Washington is "clearly... putting more pressure on ByteDance to strategically sell this key asset in a major move that could have significant ripple impacts," he continued.

The White House last week welcomed a bill introduced in the US Senate that would allow President Joe Biden to ban TikTok.

The bipartisan bill "would empower the United States government to prevent certain foreign governments from exploiting technology services... in a way that poses risks to Americans' sensitive data and our national security," Biden's national security advisor, Jake Sullivan, said in a statement.

The bill's introduction and its quick White House backing accelerated the political momentum against TikTok, which is also the target of a separate piece of legislation in the US House of Representatives.

Appearing tough on China is one of the rare issues with potential for bipartisan support in both the Republican-run House and the Senate, where Biden's Democratic Party holds the majority.

Concern ramped up among American officials earlier this year after a Chinese balloon, which Washington alleged was on a spy mission, flew over US airspace.

- TikTok use rocketing -

TikTok claims it has more than a billion users worldwide including over 100 million in the United States, where it has become a cultural force, especially among young people.

Activists argue a ban would be an attack on free speech, and stifle the export of American culture and values to TikTok users around the world.

US government workers in January were banned from installing TikTok on their government-issued devices.

Civil servants in the European Union and Canada are also barred from downloading the app on their work devices.

According to the Journal report, the ultimatum to TikTok came from the US interagency board charged with assessing risks foreign investments represent to national security.

US officials declined to comment on the report.

TikTok has consistently denied sharing data with Chinese officials, and says it has been working with the US authorities for more than two years to address national security concerns.

Time spent by users on TikTok has surpassed that spent on YouTube, Facebook, Instagram or Twitter and is closing in on streaming television titan Netflix, according to market tracker Insider Intelligence.

X.Gu--ThChM