BEIJING: Short video-sharing app TikTok has become the latest Chinese firm caught in US regulatory crossfire, with Washington launching a national security review of its US$1 billion acquisition of US social media app Musical.ly.
The app has especially created a buzz among US teenagers. Around 60 per cent of its 26.5 million monthly active users there are aged between 16 and 24, the company said earlier this year.TikTok's success in the US market can be largely attributed to its acquisition of the lip-synching app Musical.ly in 2017.
TikTok denies that China censors its content, saying it is"not influenced by any foreign government."In February, ByteDance agreed to pay a US$5.7 million fine to the Federal Trade Commission in the United States over TikTok’s illegal collection of personal information from minors.
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