Exclusive: TikTok says it will exit Hong Kong market within days

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 51 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 66%

Business News News

Business Business Latest News,Business Business Headlines

TikTok said it will exit the Hong Kong market within days, a spokesman told Reuters on late Monday, as other technology companies including ...

TikTok said it will exit the Hong Kong market within days, a spokesman told Reuters on late Monday, as other technology companies including Facebook Inc have suspended processing government requests for user data in the region.

FILE PHOTO: A person holds a smartphone with Tik Tok logo displayed in this picture illustration taken November 7, 2019. Picture taken November 7, 2019. REUTERS/Dado Ruvic/Illustration/File PhotoREUTERS: TikTok said it will exit the Hong Kong market within days, a spokesman told Reuters on late Monday, as other technology companies including Facebook Inc have suspended processing government requests for user data in the region.

The short form video app owned by China-based ByteDance has made the decision to exit the region following China's establishment of a sweeping new national security law for the semi-autonomous city."In light of recent events, we've decided to stop operations of the TikTok app in Hong Kong," a TikTok spokesman said in response to a Reuters question about its committment to the market.

The company, now run by former Walt Disney Co executive Kevin Mayer, has said in the past that the app's user data is not stored in China.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hong Kong: Stocks rise at open[HONG KONG] Hong Kong shares started on the front foot Monday, building on last week's rally as investors eye the ongoing reopening of economies around the world. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »