Reuters reported on November 1, citing three sources that the U.S. government had launched a National Security Review of byte skipping in response to the acquisition.
In November 2017, byte beat bought the social media application musical.ly for us $1 billion. By the end of May of that year, the number of users of the application had exceeded 200 million.
Musical.ly, which was initially launched in 2014, is a product of Shanghai Wenxue Network Technology Co., Ltd. and its main market has been overseas. The company has an office in Santa Monica, California.
In August last year, musical.ly officially merged with tiktok international, and the new product inherited the name of tiktok.
Propaganda.ly and tiktok
Tiktok is becoming more and more popular among American teenagers, with about 60% of the 26.5 million monthly active users in the United States between the ages of 16 and 24, Reuters reported.
When foreign acquirers conduct transactions in the United States, the Cfius is responsible for reviewing to identify potential national security risks.
Tiktok did not seek CFIUS approval for the acquisition of musical.ly, giving the agency room to investigate the matter now, the source said.
They also said CFIUS was in talks with tiktok about possible measures to prevent the latter from divesting the acquired musical.ly assets. CFIUS calls these negotiations mitigation measures, but details are not available, nor are the agencys specific concerns.
Tiktoks spokesman responded, although we cannot comment on the ongoing regulatory process, tiktok has made it clear that our priority is to win the trust of US users and regulators. Some of our efforts include working with Congress, and we are committed to that.
There was no immediate response to a request for comment on byte runout.
China has never asked for a review
According to previous reports on observer.com, Chuck Schumer, the minority leader of the US Senate, and Tom cotton, the Republican senator, sent letters to Joseph Maguire, the head of national intelligence, asking for a national security risk assessment on tiktok last month.
Although tiktok has long denied that it will send the data of US users back to China, they still said in their letter, tiktok has downloaded more than 110 million times in the US, which is a potential anti intelligence threat that we cannot ignore In view of this, the intelligence department is required to conduct a national security risk assessment of tiktok and report to Congress in a timely manner.
In response, tiktok said that the data of all users in the United States are stored on local servers in the United States and a backup system for the database is established in Singapore. Tiktok stressed that its content review policy is not affected by any foreign government, and the Chinese government has never asked tiktok to provide review and delete content.
Tiktok interface from icphoto
In fact, as the US presidential election approaches in 2020, tiktok is trying to decouple from politics, saying earlier last month that it would ban any political advertising on its platform.
Blake Chandlee, vice president of global business solutions at tiktok, explained the companys paid advertising policy in a blog post, saying the app gives a sense of ease and makes it an interesting place to spend time.
In this spirit, we choose not to allow political advertising on tiktok, Chandler said. Any paid advertising that enters our community needs to meet the standards of our platform, and we believe that the nature of paid political advertising does not meet the experience of tiktok platform.
Specifically, prohibited include any advertising at the federal, state or local level that promotes or opposes a candidate, current leader, party or group, or issue, including advertising, advertising, or issue related to an election..
Source: Wang Xiaowu NF, editor in charge of observer network