TikTok has quietly told advertisers that it is exploring the possibility of relocation from China, a spin-off from its parent company ByteDance. The Post learned that they might consider.
TikTok has informed ad buyers that its relationship with the Chinese Communist Party may again raise national security concerns for U.S. authorities and may withdraw from Beijing. The source told the post.
TikTok insiders point out the fact that TikTok CEO Shou Zi Chew, who was established last May, is a Singaporean by nature. After a short work in Beijing as CFO of ByteDance, Chew returned to Singapore to run TikTok.
These insiders speculate that Chu's return to Singapore may be preparing the company to move to an island nation under his leadership. Guessing, as part of this move, TikTok could officially spin out of ByteDance and become its own fledgling company.
Last week, at the annual Cannes Lions Festival, a discussion of security concerns was talked about. At the festival, ad buyers landed on the French Riviera to meet with major technology companies such as Meta and Google.
Debuting at the event, TikTok plans to triple ads According to the company, this year's revenue went from $ 3.8 billion in 2021 to $ 11.6 billion in 2022. People near the company want the company's growth to continue unabated, and let advertisers ensure that the company has a good relationship with the U.S. government and has a green light to keep the business going. It is said that.
It is unknown when such a move will occur. It was not possible to determine if leadership was fully committed to this move and potential spin-offs. Some ad executives wondered if TikTok executives were just talking about selling juice ads.
TikTok did not respond to your comment request.
On Tuesday, FCC Commissioner Brendan Carr released a letterto Apple CEO Tim Cook and Google CEO Sundar Pichai to remove TikTok from the App Store due to security concerns. I asked for it.
"Basically, TikTok acts as an advanced monitoring tool for collecting large amounts of personal and sensitive data," Carr said. "Sure, TikTok collects everything from search and browsing history to keystroke patterns and biometric identifiers, including facial photos and voiceprints."
"TikTok collects sensitive data. Due to its extensive data collection combined with Beijing's apparently unchecked access to Beijing, it is clear that it poses unacceptable national security risks, "Kerr posted on Twitter in a letter {36. He added that the fun video is simply the Chinese government acting as a "wolf dressed in sheep".
Car criticism follows an explosiveBuzzfeed report, stating that China was "accessible to everything" and "everything can be seen in China" TikTok USA Revealed a record of conversations with executives. TikTok, a short video platform, exploded in popularity during a pandemic. The company has more than 1 billion users worldwide.
A TikTok spokesman has rejected the Buzzfeed report. “As publicly stated, we have invited world-class internal and external security experts to strengthen our data security efforts,” said a spokeswoman. "This is standard industry practice given the complexity of data security challenges."
However, a few days after the car was announced, a Tik Tok spokesperson told several media outlets. It allows Beijing people to access US user data "as needed" and "under strict control".
Carr posted in a post, these latest comments were "Chinese Communist Party As defined by the operating Beijing organization, "necessary" implies access without any actual checks.
"Don't worry if your data is stored elsewhere," Kerr told the post. "The CCP can enforce access to data even when the paper headquarters are in Singapore."
Another national security official who spoke on condition of anonymity said ByteDance. The story of moving TikTok without officially removing the link to is a "parlor trick" and does not guarantee that US data will be protected.
During the Trump administration, TikTok was continuously monitored as the former president sounded a warning to allow the Chinese government to access user data. Trump forced ByteDance to sell TikTok and then tried to ban the app. Under the Biden administration, both actions were reversed.
Kerr said he would accept real solutions that could include spin-offs, but he told the post that he was skeptical of TikTok's promise.
"I lost confidence in TikTok's representation of data storage ... The most generous view I have is trust but verification."
