Berliner Boersenzeitung - TikTok chief faces US Congress as lawmakers mull ban

EUR -
AED 4.233923
AFN 75.511939
ALL 92.895059
AMD 421.789926
ANG 2.063391
AOA 1057.183632
ARS 1719.790065
AUD 1.633912
AWG 2.07661
AZN 1.955852
BAM 1.956117
BBD 2.323877
BDT 141.622958
BGN 1.955693
BHD 0.434719
BIF 3456.309917
BMD 1.152872
BND 1.476752
BOB 13.528193
BRL 6.004737
BSD 1.153787
BTN 110.062842
BWP 15.531652
BYN 3.470063
BYR 22596.288984
BZD 2.320476
CAD 1.60685
CDF 2620.478107
CHF 0.937976
CLF 0.026782
CLP 1054.082104
CNY 7.774045
CNH 7.776363
COP 3603.23191
CRC 518.092974
CUC 1.152872
CUP 30.551105
CVE 110.785372
CZK 24.226916
DJF 205.463307
DKK 7.476057
DOP 67.438429
DZD 153.253185
EGP 57.847537
ERN 17.293078
ETB 186.638874
FJD 2.552977
FKP 0.853357
GBP 0.855102
GEL 3.008812
GGP 0.853357
GHS 12.768095
GIP 0.853357
GMD 84.735928
GNF 10116.451155
GTQ 8.794797
GYD 241.393319
HKD 9.046505
HNL 30.932283
HRK 7.534481
HTG 150.915773
HUF 363.45904
IDR 20593.404655
ILS 3.415919
IMP 0.853357
INR 110.022081
IQD 1511.445014
IRR 1584723.283387
ISK 142.206962
JEP 0.853357
JMD 182.541174
JOD 0.817403
JPY 183.91477
KES 149.290173
KGS 100.818784
KHR 4666.250593
KMF 492.276675
KPW 1037.585037
KRW 1635.53902
KWD 0.356042
KYD 0.961556
KZT 536.93704
LAK 26032.107048
LBP 103321.649013
LKR 384.612348
LRD 209.413947
LSL 18.612937
LTL 3.404131
LVL 0.697361
LYD 7.349191
MAD 10.687132
MDL 20.02916
MGA 4969.934982
MKD 61.534975
MMK 2420.853442
MNT 4147.997617
MOP 9.325512
MRU 46.236495
MUR 54.357605
MVR 17.823333
MWK 2000.776401
MXN 19.652327
MYR 4.7111
MZN 73.667344
NAD 18.613017
NGN 1568.885967
NIO 42.456882
NOK 10.9678
NPR 176.103602
NZD 1.971619
OMR 0.443294
PAB 1.153787
PEN 3.893431
PGK 5.105828
PHP 70.756937
PKR 320.262416
PLN 4.310646
PYG 6886.116278
QAR 4.190708
RON 5.242689
RSD 117.308199
RUB 95.773657
RWF 1699.590255
SAR 4.31533
SBD 9.297844
SCR 16.16734
SDG 692.302189
SEK 11.032771
SGD 1.476563
SHP 0.854124
SLE 28.302367
SLL 24175.146142
SOS 659.412614
SRD 43.489212
STD 23862.12042
STN 24.503972
SVC 10.095637
SYP 14989.640166
SZL 18.618018
THB 38.26846
TJS 10.661028
TMT 4.035052
TND 3.383185
TOP 2.775839
TRY 55.076955
TTD 7.824268
TWD 37.02978
TZS 3049.926071
UAH 51.576803
UGX 4283.768737
USD 1.152872
UYU 46.187424
UZS 13782.234177
VES 882.402769
VND 30061.134452
VUV 136.724412
WST 3.148238
XAF 656.069043
XAG 0.017834
XAU 0.000265
XCD 3.115694
XCG 2.079437
XDR 0.815954
XOF 656.063352
XPF 119.331742
YER 273.403529
ZAR 18.690336
ZMK 10377.230082
ZMW 21.691516
ZWL 371.224277
  • RYCEF

    0.1700

    20.71

    +0.82%

  • RELX

    -0.2350

    34.315

    -0.68%

  • BCC

    -0.2200

    84.03

    -0.26%

  • RIO

    -3.0650

    98.155

    -3.12%

  • JRI

    -0.0200

    12.69

    -0.16%

  • CMSC

    0.0300

    21.48

    +0.14%

  • BCE

    0.0000

    23.13

    0%

  • RBGPF

    0.0000

    72.16

    0%

  • VOD

    0.0950

    16.185

    +0.59%

  • NGG

    0.3600

    81.04

    +0.44%

  • AZN

    -0.9850

    157.515

    -0.63%

  • GSK

    0.0600

    50.36

    +0.12%

  • CMSD

    0.0050

    21.595

    +0.02%

  • BP

    -0.1300

    42.8

    -0.3%

  • BTI

    1.4550

    57.295

    +2.54%

TikTok chief faces US Congress as lawmakers mull ban
TikTok chief faces US Congress as lawmakers mull ban / Photo: Patrick T. Fallon - AFP

TikTok chief faces US Congress as lawmakers mull ban

TikTok CEO Shou Zi Chew will fight for the survival of the hugely popular video-sharing app in the United States on Thursday, as he faces skeptical Washington lawmakers over the company's alleged ties to the Chinese government.

Text size:

The 40-year-old Singaporean will address the powerful House Energy and Commerce Committee at 10:00 am (1400 GMT) and endure hours of serious grilling by both Republicans and Democrats who fear that Beijing could subvert the site for spying or to promote propaganda.

Tiktok, owned by Chinese company ByteDance, is under immense pressure across Western countries, with government officials in the United States, at the EU commission, as well as the UK and Canada forced to delete the app from their devices.

British broadcaster BBC on Tuesday advised its staff to remove TikTok from their phones.

TikTok's gravest threat is from the United States, where the administration of President Joe Biden has set an ultimatum that the company either dump its Chinese ownership or face an outright ban.

A ban would be an unprecedented act on a media company by the US government, cutting off 150 million monthly users in the country from an application that has become a cultural powerhouse -- especially for young people -- and the nation's most viewed source of entertainment after Netflix.

"Let me state this unequivocally: ByteDance is not an agent of China or any other country," Chew will say, according to prepared remarks released ahead of the House committee hearing.

"TikTok has never shared, or received a request to share, US user data with the Chinese government. Nor would TikTok honor such a request if one were ever made," Chew will add in his opening statement on Thursday.

Despite his assurances, the cards in Washington seemed to be dealt against Chew, with several pieces of legislation, including one bill backed by the White House, already paving the way for a ban of the app.

"Americans deserve to know the extent to which their privacy is jeopardized and their data is manipulated by ByteDance-owned TikTok’s relationship with China," Cathy McMorris Rodgers, chair of the Energy and Commerce Committee, said.

"What's worse, we know Big Tech companies, like TikTok, use harmful algorithms to exploit children for profit and expose them to dangerous content online," added the Republican.

- 'Stop suppressing' -

In the final months of his term, former president Donald Trump also attempted to ban the app, but his effort was ultimately blocked by a US judge.

During that battle, a potential sale to Microsoft or spinoff to Oracle never got off the ground due to the opposition of China.

Beijing last week urged Washington to "stop unreasonably suppressing" TikTok and said the United States has no evidence that TikTok threatens US national security.

In a TikTok post earlier this week, Chew asked US users to defend their favorite app by sharing "what you love" about the platform with elected representatives.

On Wednesday, a group of around a dozen teenagers, teachers and business owners rallied at the US Capitol to express their opposition to a potential ban.

"Are there other platforms out there? Absolutely -- I'm on them. But none of them have the reach that TikTok has," aspiring soapmaking entrepreneur @countrylather2020 told her 70,000 followers in a video recorded after she arrived in Washington.

A sale, even if all parties agreed, would be very complicated.

The success of the platform is due to its powerful recommendation algorithm, and "separating the algorithm between TikTok and ByteDance is like a Siamese twins operation," analyst Dan Ives of Wedbush told AFP.

TikTok still hopes to appease the authorities.

Chew's testimony will promote the company's elaborate plan -- known as Project Texas -- to satisfy national security concerns in which the handling of US data will be ring-fenced into a US-run division.

He will tell the lawmakers that TikTok has already spent $1.5 billion on the project and hired 1,500 US-based staff to launch it.

(B.Hartmann--BBZ)