TikTok's CEO plans to tell Congress that the video-sharing app is committed to user safety, data protection and security, and keeping the platform free from Chinese government influence.
Shou Zi Chew is due to answer questions Thursday from U.S. lawmakers concerned about the social media platform's effects on its young user base and possible national security risks posed by the popular app, which was founded by Chinese entrepreneurs.
TikTok's efforts to ensure the security of its user data, including a $1.5 billion project to store the information on Oracle servers in the U.S. and allow outside monitors to inspect its source code, go “above and beyond” what any of its rivals are doing, according to Chew's prepared remarks released ahead of his appearance before the U.S. House Committee on Energy and Commerce.
Chew pushed back against fears that TikTok could become a tool of China's ruling Communist Party because its parent company, ByteDance, is based in Beijing. He said ByteDance had evolved into a privately held "global enterprise,” with 60% owned by big institutional investors, 20% owned by the Chinese entrepreneurs who founded it and the rest by employees.
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