China says it would ‘firmly oppose’ forced TikTok sale
She added that the Biden administration’s threat of a national TikTok ban would hurt confidence in the US as a market for international investors.
In prepared remarks released before the hearing, Chew argues that a divestiture would not address US lawmakers’ concerns about the data privacy of US users.“We do not believe that a ban that hurts American small businesses, damages the country’s economy, silences the voices of over 150 million Americans, and reduces competition in an increasingly concentrated market is the solution to a solvable problem,” Chew said in the remarks.
Silicon Valley executives, including billionaire Peter Thiel, have also lobbied for a crackdown on the ByteDance-owned app, theA group of prominent tech executives and lawmakers were reportedly set to hold a private dinner on Wednesday night on the eve of Chew’s testimony.The attendees were expected to discuss competition between the US and China in the tech sector and its implications for national security.
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