QR.bizNewsWhat would a United States ban on Chinese-owned app TikTok mean?

What would a United States ban on Chinese-owned app TikTok mean?

Social media app TikTok has released a message thanking users and saying they're "not planning on going anywhere".

The app features not only entertainment videos, but also debates and takes positions on political issues, such as racial justice and the coming USA presidential election.

ByteDance originally bought US-based Musical.ly Inc in 2017 and merged it with TikTok, creating a social-media hit in the United States - the first Chinese app to make such inroads. Two of the top-selling newspapers have claimed that Donald Trump wanted to order the sale of TikTok's U.S. operations by China-based ByteDance, citing sharing of data with Chinese intelligence as the reason.

ByteDance's concession will test whether Trump's threat to ban TikTok is a negotiating tactic, or whether he is intent on cracking down on a social media app that has up to 80 million daily active users in the United States.

In comments Friday, Trump told reporters that there were "a couple of options" with TikTok, including "banning" it.

TikTok remains massively popular in America (and the rest of the world), with a record-breaking 315 million downloads in the first quarter of 2020.

Under ByteDance's new proposal, Microsoft will be in charge of protecting all U.S. user data, the sources said.

United States tech giants such as Facebook and Snapchat have come to see the Chinese-made platform as a competitive threat.

"We're looking at TikTok".

Mr Trump's threat follows a review by the Committee on Foreign Investment (CFIUS), which investigates deals affecting U.S. national security. The app's Chinese ownership has become the subject of concern for lawmakers, regulators and privacy activists. "We may be doing some others things", Trump told reporters at the White House Friday morning.

Security fears related to TikTok are due in part to a 2017 Chinese national security law that requires all Chinese-owned companies to comply with requests for information from the ruling Communist party.

The app's Chinese ownership has caused concern around the censorship of videos, and the potential for sharing user data with Chinese officials.

Q. What does a ban mean for TikTok creators?

The pretext is that TikTok is owned by a Chinese company and Trump has it out for China.

But the clear trend at Microsoft under CEO Satya Nadella has been to focus on the company's enterprise roots, cutting short its fanciful forays into consumer technology.

Federal Labor MP Anthony Byrne, who is deputy chair of the Joint Parliamentary Committee on Intelligence and Security, has been advocating that TikTok be banned as a retaliatory action if the Chinese Government continues to engage in cyber attacks or economic coercion against Australia.

According to informants, ByteDance values TikTok at more than $50 billion and insists on retaining a certain share of the enterprise.

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