trending Market Intelligence /marketintelligence/en/news-insights/trending/cF3qCShHkCjWaGSP6icWfQ2 content esgSubNav
In This List

TikTok CEO postpones meetings with US legislators

Blog

Insight Weekly: SVB fallout limited; US rents up; renewable natural gas investments flow in

Blog

Asia-Pacific M&A By the Numbers: Q4 2022

Podcast

Next in Tech | Episode 108 - Mobile World Congress and the metaverse

Podcast

Street Talk | Episode 108 - Weighing Fed rate hikes against banks' liquidity crunch


TikTok CEO postpones meetings with US legislators

TikTok CEO Alex Zhu canceled planned meetings with several U.S. lawmakers in recent days, though a company statement indicated the meetings would be rescheduled.

U.S. Sens. Josh Hawley, R-Mo., and Marsha Blackburn, R-Tenn., both of whom have pressed TikTok for answers about its business, tweeted about the canceled meetings on Dec. 9. In a statement provided to several media outlets, a TikTok spokesperson said meetings with lawmakers were postponed until after the December holidays "to ensure these conversations are as productive as possible."

Owned by China's Beijing Byte Dance Telecommunications Co. Ltd., the social media app TikTok is facing scrutiny from a number of U.S. lawmakers over security and privacy. ByteDance acquired lip-synching app musical.ly Inc. in 2017 and merged it with ByteDance's TikTok platform in 2018. Both platforms allowed users to create and share short singing videos. The deal is reportedly under new review by U.S. officials.