VOICE AIR MEDIA News Update
The move is driven by fears that US user data held by the company could be passed on to China’s government. It also comes amid a global backlash to TikTok over concerns about the potential for Chinese spying, with countries including the UK, Canada and Australia recently moving to ban the app from government phones.
A TikTok spokesperson, Brooke Oberwetter, told Reuters that the company had recently heard from the US Treasury-led committee on foreign investment in the United States (CFIUS), which demanded that the Chinese owners of the app sell their shares, and said otherwise they would face a possible US ban of the video app.
TikTok and CFIUS have been negotiating for more than two years on data security requirements. TikTok said it has spent more than $1.5bn on rigorous data security efforts and rejects spying allegations.
TikTok said on Wednesday, March 15, that “the best way to address concerns about national security is with the transparent, US-based protection of US user data and systems, with robust third-party monitoring, vetting, and verification”.
Meanwhile, China has accused the US of spreading disinformation and suppressing TikTok.