The Chinese government has taken a stake and one of three board seats in a key subsidiary of TikTok owner ByteDance, reports said Tuesday, reviving debate about whether the popular short-form video…
. The move occurred earlier this year on April 30, according to company information available via the Tianyancha enterprise data app.
Nevertheless, the move comes amidst Beijing’s broader campaign to exert greater control over its tech giants, curbing their influence with anti-trust probes and increased regulations. The news prompted Florida senator Marco Rubio to call on the Biden administration to “take immediate action” to ban TikTok and WeChat for posing a threat to U.S. privacy and security.
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