TikTok has stated it has spent greater than $1.5 billion.
TikTok CEO Shou Zi Chew will inform lawmakers the Chineseowned quick video app with greater than 150 million American customers has by no means, and would by no means, share U.S. person knowledge with the Chinese authorities amid rising U.S. nationwide safety considerations.
TikTok CEO Shou Zi Chew will inform lawmakers the Chinese-owned quick video app with greater than 150 million American customers has by no means, and would by no means, share U.S. person knowledge with the Chinese authorities amid rising U.S. nationwide safety considerations.
”TikTok has by no means shared, or acquired a request to share, U.S. person knowledge with the Chinese authorities. Nor would TikTok honor such a request if one had been ever made,” Chew will testify on Thursday, in accordance with written testimony posted on Tuesday by the House of Representatives Energy and Commerce Committee.
He added that TikTok’s mum or dad firm ByteDance isn’t owned or managed by any authorities or state entity. ”Let me state this unequivocally: ByteDance isn’t an agent of China or every other nation,” Chew will say to the committee.
TikTok’s critics concern that its U.S. person knowledge could possibly be handed on to China’s authorities by the app and prompted rising calls to ban the app by U.S. lawmakers. Last week, TikTok stated the Biden administration demanded that its Chinese house owners divest their stake within the app or it might face a U.S. ban.
”Bans are solely acceptable when there are not any alternate options. But we do have an alternate,” Chew’s testimony stated.
TikTok has stated it has spent greater than $1.5 billion on what it calls rigorous knowledge safety efforts below the title ”Project Texas.”
Chew stated when the method is full ”all protected U.S. knowledge might be below the safety of U.S. legislation and below the management of the U.S.-led safety group. Under this construction, there is no such thing as a approach for the Chinese authorities to entry it or compel entry to it.”
The firm stated it had began this month to delete U.S. person protected knowledge in knowledge facilities in Virginia and Singapore after it began routing new U.S. knowledge to the Oracle Cloud final 12 months. Chew’s testimony stated it expects this course of to be accomplished later this 12 months.
Chew’s testimony says 60% of ByteDance is owned by world institutional traders together with Blackrock, General Atlantic and Sequoia, about 20% by the corporate’s founders, and about 20% owned by its staff ”together with hundreds of Americans.”
TikTok stated on Monday that greater than 150 million folks within the United States use TikTok on a month-to-month foundation after saying in 2020 that 100 million Americans used the app. Chew’s testimony says the typical person as we speak is an grownup properly previous faculty age.
”While customers within the United States characterize 10% of our world neighborhood, their voice accounts for 25% of the full views around the globe,” Chew’s testimony says.
Chew says present variations of the app don’t gather exact or approximate GPS data from U.S. customers.
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(This story has been edited by News18 employees and is printed from a syndicated news company feed)
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