Biden administration defends World Bank pick over TikTok business ties

As vice chairman of General Atlantic, a major investor in ByteDance and more than two dozen Chinese companies, Ajay Banga’s nomination has prompted questions about the White House’s vetting process as bipartisan backlash over China’s suspected influence operations grows.

“From his tenure at Mastercard, Banga knows firsthand the importance of taking concrete measures to protect the data privacy of consumers,” this Treasury Department official added. China’s suspected military and economic ambitions have taken on greater scrutiny inside of Washington, with a top U.S. intelligence official branding TikTok’s trove of user data a “threat” to national security this week.

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