TikTok CEO Shou Zi Chew is due to answer questions Thursday from U.S. lawmakers concerned about the social media platform's effects on its young user base and possible national security risks.
TikTok CEO Shou Zi Chew is interviewed at offices the company uses on Feb. 14, 2023, in Washington, D.C. CEO plans to tell Congress that the video-sharing app is committed to user safety, data protection and security, and keeping the platform free from Chinese government influence.
Chew is sticking to a familiar script as he urges officials against pursuing an all-out ban on TikTok or for the company to be sold off to new owners.The Biden administration has demanded TikTok's Chinese owners divest their stakes in the app or face a possible ban, according to a report. The move, reported by The Wall Street Journal citing people familiar with the matter, is the most dramatic in a series of recent steps by U.S.
"No other social media company, or entertainment platform like TikTok, provides this level of access and transparency," he said. Chew pushed back against fears that TikTok could become a tool of China's ruling Communist Party because its parent company, ByteDance, is based in Beijing. He said ByteDance had evolved into a privately held "global enterprise," with 60% owned by big institutional investors, 20% owned by the Chinese entrepreneurs who founded it and the rest by employees.
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