Following US Ban Law, TikTok’s Parent Company Says “No Plans To Sell”
Beijing: ByteDance, the parent company of TikTok, has said that it has no plans to sell the platform, despite a bill approved by the US Congress requiring it to do so or risk being banned from the country.
ByteDance made this statement in response to The Information, a tech news site that focuses on business, which revealed that the Chinese tech firm was considering selling TikTok without the highly sought-after recommendation system that runs it.
On its official Toutiao account, which it controls, the firm wrote late on Thursday, saying, “Foreign media reports about ByteDance exploring the sale of TikTok are untrue.”
“ByteDance does not have any plans to sell TikTok.”
Government representatives and members of the US Congress have said that TikTok poses a danger to national security as long as it is under the control of or linked to ByteDance.
They claim it has the potential to be a potent conduit for Chinese propaganda as well as a tool for data collection and American eavesdropping.
TikTok has vehemently refuted the accusations, stating that it has never shared US customer data with Beijing and never will.
The CEO of TikTok, Shou Zi Chew, has said that the business would go to court to challenge the new legislation.
