•   
  •   
  •   

Technology TikTok's parent company reportedly faces a national security review

02:35  02 november  2019
02:35  02 november  2019 Source:   engadget.com

TikTok just announced a smartphone, and it might be the best camera phone around

  TikTok just announced a smartphone, and it might be the best camera phone around TikTok has just unveiled its first smartphone, the Smartisan Nut Pro 3, and it's got some pretty impressive specs.This smartphone is called the Smartisan Nut Pro 3 – yes, that's a pretty strange name for a debut smartphone, but there's a reason.

Recently TikTok ' s popularity has exploded worldwide, and so has scrutiny over the app' s parent company ByteDance and its relationship to the Now Reuters reports that the Committee on Foreign Investment in the United States (CFIUS) has opened a national security review of the company

TikTok , which is owned by Chinese company ByteDance, has become incredibly popular with teenagers in the US and around the world for its According to Reuters, the Committee on Foreign Investment in the United States (CFIUS) has opened a review of the app and its parent company ' s

Recently TikTok's popularity has exploded worldwide, and so has scrutiny over the app's parent company ByteDance and its relationship to the Chinese government. Now Reuters reports that the Committee on Foreign Investment in the United States (CFIUS) has opened a national security review of the company, because it had not sought approval to make its $1 billion acquisition of Musical.ly in 2017.

  TikTok's parent company reportedly faces a national security review

US lawmakers have expressed concern's over the app's ability to collect data, while the company responded saying "TikTok is committed to being a trusted and responsible corporate citizen in the US, which includes working with Congress and all relevant regulatory agencies." The report notes that Musical.ly founder and now-head-of-TikTok Alex Zhu recently began to report directly to ByteDance CEO Zhang Yiming, which could help separate it from the company's other holdings. Meanwhile, ByteDance just announced plans for its first smartphone.

Reuters

ByteDance may sell off TikTok stake to avoid US backlash .
Chinese company ByteDance's TikTok app is popular with young people across the globe for posting fun videos. However, recently security concerns about the app have been raised in the US, with senators requesting an assessment of its potential as a national security risk and the US Navy banning the app from government-issued phones. Now, the company's leadership is considering how to address these concerns, according to Bloomberg. Sources whoSources who spoke to Bloomberg said that the company is considering selling off a majority stake of TikTok to financial investors, in order to protect the business.

—   Share news in the SOC. Networks

Topical videos:

usr: 1
This is interesting!