The EU had last month singled out 19 large online platforms, including TikTok, which will be subject to the Digital Services Act, a set of new online content rules from August.
Despite the concerns about its Chinese ownership, TikTok’s ad business is poised to grow 36% to $6.83 billion this year, according to research firm Insider Intelligence.
The popular Chinese-owned app has recently allowed 'toxic, offensive, false and superstitious' content on its platform, the country's ministry representative said in a statement.
The ban underscores growing worries that China could use the Beijing-based company to harvest users' data to advance its political agenda, undermining Western security interests.
CEO Shou Zi Chew's testimony before Congress did little to assuage US worries over TikTok and added fresh momentum to lawmakers' calls to ban the platform nationwide.
In his written testimony, CEO Shou Zi Chew said parent company ByteDance is not an 'agent of China' or any other country nor is it controlled by any govt or state entity.
TikTok has come under increasing scrutiny due to fears that user data from the app owned by Beijing-based company ByteDance could end up in the hands of the Chinese govt.
Compulsion magnifies the risk of function creep. Future updates could quietly expand the app’s capabilities or enable background telemetry far beyond users’ expectations.
Order for 87 MALE drones will be split between 2 Indian firms in 64:36 ratio to ensure there are 2 independent manufacturing lines with at least 60% indigenous components.
The India-South Africa series-defining fact is the catastrophic decline of Indian red ball cricket where a visiting team can mock us with the 'grovel' word.
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