Meet Douyin, the Chinese version of TikTok adding to ByteDance's big business

TikTok fights law that could ban app in U.S. in crucial hearing

Following a national security review of TikTok's parent firm ByteDance Ltd.'s establishment of TikTok Technology Canada Inc., Industry Minister FranÃ§ois-Philippe Champagne ordered the closure of TikTok's Canadian operations on Wednesday.

Champagne emphasized that the goal is not to restrict Canadians' access to TikTok or their ability to create content. The industry minister stated that using social media platforms is ultimately a personal choice and stressed the importance of protecting personal information.

NPR Online News

The Investment Canada Act, which allows the investigation of foreign investments that might endanger Canada's national security, prompted the issuance of the dissolution order against the Chinese company.

World News

A company spokesperson stated that the forced closures of TikTokâ€TMs Canadian offices will result in the loss of hundreds of local jobs. The company announced its intention to fight the injunction in court.

US News & World Report

TikTok is extremely popular among young people, but its ownership by a Chinese company raises fears that Beijing may use it to collect data on Western users or spread pro-China propaganda. ByteDance, TikTok's Chinese parent firm, moved its HQ to Singapore in 2020.

Huffington Post

In February 2023, Canada banned the use of TikTok on all government-issued mobile devices amid ongoing privacy investigations. In April, U.S. President Joe Biden signed legislation that mandated ByteDance to sell its stake in TikTok within one year or face a national ban.

Toronto Star

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The US-China Conflict

Canada orders TikTok’s Canadian business to be dissolved but won’t block app

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Canada orders wind up of TikTok's Canadian business, app access to continue

There is a 2% chance TikTok US will be sold to a US entity before 2025, according to the Metaculus prediction community.

Canada orders TikTok’s Canadian business to be dissolved but won’t block app

Canada orders TikTok’s Canadian business to be dissolved but won’t block app

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Canada orders TikTok’s Canadian business to be dissolved but won’t block app

Canada orders TikTok’s Canadian business to be dissolved but won’t block app

The Spin

Metaculus Prediction

Go Deeper

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