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London CNN —Italy’s competition authority has fined TikTok €10 million ($11 million) for failing to control the spread of content that it said threatened the safety of minors and other vulnerable people. The antitrust agency, AGCM, said Thursday that TikTok, which is owned by China’s ByteDance, had failed to take into account the specific vulnerabilities of adolescents using its platform, such as a tendency toward copying group behaviors. The trend involved TikTok users pinching their own cheeks to leave a lasting bruise, Reuters reported last month. A TikTok spokesperson told CNN that it disagreed with the AGCM’s decision. “We long ago restricted visibility of this content to (under-18s).”This is a developing story and will be updated.
Persons: London CNN —, TikTok, China’s ByteDance, Angelica Chiara Yazbeck Organizations: London CNN, Reuters, CNN
“The opening of proceedings means that the (European) Commission will investigate TikTok’s functionalities, systems and policies related to certain suspected infringements. It does not prejudge the outcome of the investigation,” a spokesperson for the bloc’s executive arm said in a statement Monday. TikTok’s age verification tools, aimed at preventing children from accessing inappropriate content, “may not be reasonable, proportionate and effective,” the European Commission said in a press release Monday. TikTok has almost 136 million monthly active users in the EU, according to the European Commission. It is the second time in as many months that the commission has launched formal proceedings against a large social media company.
Persons: , China’s ByteDance, TikTok, , X Organizations: London CNN, European Union, Digital Services, Commission, European Commission, CNN, Social, European Commission . Companies
Asia’s tech giants lean toward desperate deals
  + stars: | 2023-11-30 | by ( Anshuman Daga | ) www.reuters.com   time to read: +3 min
TikTok CEO Shou Zi Chew arrives for a dinner, on the eve of the Paris Peace Forum at the Elysee Palace in Paris, France, November 9, 2023. TikTok CEO Shou Zi Chew was feted in Indonesia where it has 125 million monthly active users when he pledged in June to invest billions of dollars in the region. But the global giant failed to anticipate regulatory hurdles in its biggest market for online shopping. TikTok’s viral video app would provide Tokopedia with a powerful new growth avenue for its online shopping and payments business. Yet as tech companies from the People’s Republic to Indonesia pull out all the stops to lift growth amid waning investor support, desperate new alliances are bound to emerge.
Persons: Shou Zi Chew, Gonzalo Fuentes, TikTok, China’s, GoTo, Patrick Walujo, Indonesia’s GoTo, Una Galani, Thomas Shum Organizations: Paris Peace, REUTERS, Rights, Reuters, Companies, Google, Temasek, Bain &, Reuters Graphics Reuters Graphics, Tokopedia, HK, Global Digital, Djarum, Bloomberg, Thomson Locations: Paris, France, Rights SINGAPORE, Southeast Asia, Indonesia, Reuters Graphics Reuters Graphics Jakarta, Tokopedia, Lazada, Singapore, Indonesian, Thailand, People’s Republic, China
U.S. President Joe Biden and China’s Xi Jinping, who met in San Francisco on Wednesday, may disagree on the terminology. Barely half the manufactured goods imported into the United States from low-cost Asian countries now come from China. Chinese firms have raised just $529 million from initial and secondary stock offerings in the United States in the year to mid-October. But the conscious decoupling between the U.S. and China looks set to continue. Follow @ugalani and @a_fitri_alias on XCONTEXT NEWSU.S. President Joe Biden and Chinese President Xi Jinping met on Nov. 15 in San Francisco on the sidelines of the Asia-Pacific Economic Cooperation forum.
Persons: Xi, Joe Biden, Kevin Lamarque, friendshoring, China’s Xi Jinping, Breakingviews, Donald Trump, China’s ByteDance, Reuters Graphics Reuters Graphics Goldman Sachs, Xi Jinping, Una, Peter Thal Larsen, Oliver Taslic, Thomas Shum Organizations: U.S, Economic Cooperation, REUTERS, Rights, Reuters, People’s Republic . U.S, People’s, World Trade Organization, Reuters Graphics Reuters, FRAYING FINANCE, U.S . Federal Reserve, Federal, Investment Board, HK, Republican, Reuters Graphics Apple, United, Reuters Graphics Reuters Graphics, Thomson Locations: Filoli, Asia, Woodside , California, U.S, Rights MUMBAI, United States, China, Washington, People’s Republic ., San Francisco, People’s Republic, Southeast Asia, Hong Kong, That’s, New York, Greater China, India, TAIWAN, Taiwan, Una Galani, Mumbai, London
London CNN —TikTok is stepping up efforts to counter misinformation, incitement to violence and hate relating to the Israel-Hamas war on its online platform, it announced Sunday, days after the European Union (EU) warned social media companies they risked falling foul of the bloc’s content moderation laws. As the conflict escalates — Israel has blocked the provision of electricity, food, fuel and water to Gaza, and has been signaling it is preparing for a ground invasion of the area — millions have turned to social media for updates, while misinformation has proliferated on these sites. One recent TikTok video, seen by more than 300,000 users and reviewed by CNN, promoted conspiracy theories about the origins of the Hamas attack, including false claims that it was orchestrated by the media. Last week, the EU told social media companies they needed to better protect “children and teenagers from violent content and terrorist propaganda” on their platforms. Breton has sent similar letters to X, Google and Meta, the owner of Instagram and Facebook.
Persons: London CNN —, TikTok, , , China’s ByteDance, Thierry Breton, Breton Organizations: London CNN, European Union, CNN, EU, Google, Facebook Locations: Israel, Gaza
JAKARTA, Indonesia (AP) — TikTok said it will halt its online retail operation in Indonesia on Wednesday to comply with the country’s decision to ban e-commerce transactions on social media platforms — a big blow to the video platform's fastest-growing market. The Chinese-owned video sharing app said in a statement it will stop facilitating e-commerce sales in TikTok Shop Indonesia by 5 p.m. Wednesday. “Our priority is to remain compliant with local laws and regulations,” said the statement released Tuesday on its website. Political Cartoons View All 1196 ImagesA week before the ban was announced, Southeast Asia’s largest wholesale market, Tanah Abang, came under inspection. But the company said it will respect the regulations and “will take a constructive path forward."
Persons: — TikTok, , Zulkifli Hasan, Sellers, TikTok, China’s ByteDance Organizations: Indonesia’s Trade, Trade Ministry, Cooperatives, Enterprises, TikTok Locations: JAKARTA, Indonesia, Indonesian, Shop, Abang, Jakarta, TikTok Indonesia, Asia, Beijing, United States, Britain, New Zealand
Jakarta Reuters —Indonesia has banned e-commerce transactions on social media platforms, the trade minister said on Wednesday, in a blow to short video app TikTok, which is doubling down on Southeast Asia’s biggest economy to boost its e-commerce business. TikTok, owned by China’s ByteDance, has 125 million active monthly users in Indonesia and has been looking to translate the large user base into a major e-commerce revenue source. He warned of letting social media become an e-commerce platform, shop and bank all at the same time. Indonesia Deputy Trade Minister Jerry Sambuaga earlier this month named TikTok’s live streaming features as an example of people selling goods on social media. E-commerce transactions in Indonesia amounted to nearly $52 billion last year and of that, 5% took place on TikTok, according to data from consultancy Momentum Works.
Persons: TikTok, China’s ByteDance, , Zulkifli Hasan, Zulkifli, Jerry Sambuaga, Sea’s Shopee, Fahmi, Organizations: Jakarta Reuters —, Indonesia Trade, Wednesday, Reuters, Indonesia Deputy Trade, Research, BMI, Momentum Works Locations: Jakarta, Jakarta Reuters — Indonesia, Southeast Asia, Indonesia, Shop, TikTok, Europe, United States
Saudi golf shot plays through CFIUS hazards
  + stars: | 2023-07-14 | by ( Jennifer Saba | ) www.reuters.com   time to read: +8 min
U.S. congressional lawmakers scrutinized PGA Tour officials on Tuesday this week about the group’s tie-up with a rival golf tournament owned by Saudi Arabia. Enter the Saudis, who launched an upstart golf tournament last year, LIV Golf, that competed with the U.S.-based PGA Tour and its European counterpart DTP. There are worries that Saudi Arabia, a regime viewed as hostile to women and LGBTQ groups, would have significant sway over golf’s culture. LIV Golf is owned by Saudi Arabia Public Investment Fund. Former AT&T Chief Executive Randall Stephenson resigned from the PGA Tour policy board, the Washington Post reported on July 9.
Persons: State Condoleezza Rice, Darla Moore, Covid, LIV Golf, Phil Mickelson, Brooks Koepka, Yasir Al, Ed Herlihy, Wachtell, Lipton, Katz, hasn’t, Randall Stephenson, Jamal Khashoggi, , Richard Blumenthal, , Sherrod Brown, Maxine Waters, Janet Yellen, LIV Golf’s, Joe Biden hasn't, Saudi Arabian Crown Prince Mohammed bin Salman, Khashoggi, Uncle Sam, Refinitiv, China’s ByteDance, LIV, Stephenson, Lauren Silva Laughlin, Sharon Lam Organizations: YORK, Reuters, Public Investment Fund, Augusta National Golf Club, State, U.S, PGA, LIV, Rosen, Breakingviews, Former AT, PGA Tour, Saudi, Department of Justice, Foreign Investment, U.S . Treasury, Saudi Arabian Crown, Walmart, Visa, Uber Technologies, Nation Entertainment, National Basketball League, Houston Rockets, People’s, NBA, backtrack, FIFA, Qatar, The Justice Department, Treasury, Committee, Homeland Security, Governmental Affairs, Saudi Arabia Public Investment Fund, T, Washington Post, Thomson Locations: Saudi Arabia, United States, American, U.S, South Carolina, Iran, China, Saudi, Hong Kong, People’s Republic, Beijing
The U.S.-China Business Council estimated that U.S. exports to China supported nearly 1.1 million jobs in the United States in 2021. Also in the survey, 46 percent of American companies thought that U.S.-China relations would deteriorate in 2023, while only 13 percent thought they would improve. Personal and cultural connectionsThe United States is home to nearly 2.4 million Chinese immigrants, making it the top destination for Chinese immigrants worldwide. China had more than 80,000 movie screens by late 2021, compared with roughly 39,000 in the United States. Air carriers are running only 24 flights a week between the United States and China, compared with about 350 before the pandemic.
Persons: Janet L, Yellen, Germany —, China’s, Long, ByteDance, Maheshwari, Nicole Sperling Organizations: Economic, International Monetary Fund, Initiative, China . Trade, China Business Council, United, Commerce Department, Financial, American Chamber of Commerce, Columbia University Locations: China, United States, Beijing, U.S, Canada, Mexico . U.S, The U.S, Japan, Britain, Germany, China’s, American, Comscore
Short video app TikTok, owned by China’s ByteDance, said on Thursday it would invest billions of dollars in Southeast Asia over the next few years, as it doubles down on the region amid intensifying global scrutiny over its data security. TikTok did not provide a detailed breakdown of the spending plan but said it would invest in training, advertising and supporting small vendors looking to join its e-commerce platform TikTok Shop. TikTok has 8,000 employees in Southeast Asia and 2 million small vendors selling their wares on its platform in Indonesia, the region’s biggest economy, he added. E-commerce transactions across the region reached nearly $100 billion last year, with Indonesia accounting for $52 billion, according to data from consultancy Momentum Works. The app has not faced major bans on government devices in Southeast Asia, but it has been under scrutiny over its content.
Persons: China’s ByteDance, Alibaba’s, “ We’re, , Shou Zi Chew, Chew, TikTok, Matt McClain Organizations: Momentum Works, Shopee’s, Washington Post Locations: Southeast Asia, Sea’s, Indonesia, Jakarta, TikTok, Washington ,, Beijing, Britain, New Zealand, Vietnam
Benefits of US political accord accrue to TikTok
  + stars: | 2023-03-21 | by ( Jennifer Saba | ) www.reuters.com   time to read: +3 min
NEW YORK, March 21 (Reuters Breakingviews) - TikTok has one incentive to keep American politicians united. As Chief Executive Shou Zi Chew goes in front of Congress this week, he might remember that benefits can accrue to him if representatives remain cooperative. TikTok will be working to persuade American politicians that citizens’ data is protected, but in reality it will be difficult for the country to ban the app outright. So in some ways, political cohesion is good for TikTok. TikTok may not want to cause trouble in Washington, but it benefits so long as Democrats and Republicans agree.
European Commission bans TikTok
  + stars: | 2023-02-23 | by ( Brian Fung Hanna Ziady | Brian Fung | Hanna Ziady | ) edition.cnn.com   time to read: +2 min
Washington/London CNN —The European Commission has banned TikTok from official devices because of concerns about cybersecurity, a move sharply criticized by the company in its latest run-in with Western governments over how it handles user data. Commission staff have until March 15 to delete the short-form video app, owned by China’s ByteDance, from work devices and any personal devices that use Commission apps and services. Based in Brussels, the European Commission is the executive arm of the European Union, responsible for proposing and enforcing legislation and implementing the EU budget. “This measure aims to protect the Commission against cybersecurity threats and actions which may be exploited for cyberattacks against the corporate environment of the Commission,” the Commission said in a statement Thursday. Previously, TikTok has disclosed to European users that China-based employees may access EU users’ data.
TikTok planning two more data centers in Europe
  + stars: | 2023-02-17 | by ( ) edition.cnn.com   time to read: +2 min
Chinese social media company TikTok plans to open two more data centers in Europe, a senior executive said Friday, in a move that could mitigate concerns over the security of users’ data and ease regulatory pressure on the company. The short video sharing app, owned by China’s ByteDance, aims to expand its European data storage, TikTok’s general manager for operations in Europe Rich Waterworth said in a blog post. The European Commission had given online platforms and search engines until February 17 to publish the number of their monthly active users. Very large online platforms have four months to comply with the rules, or risk fines. Twitter said Thursday that it has 100.9 million average monthly users in the European Union, based on an estimation of the last 45 days.
But even if proposed fixes get past federal officials – no sure thing – it still must contend with activist state leaders. That’s problematic, given that trust between Chinese and American government officials is at a low. To make matters worse, ByteDance said late last year that some employees had improperly accessed TikTok user data of two journalists. More than 40% of American states, including Wisconsin and Texas, have banned the app on government-owned devices. But if an IPO helps TikTok to keep operating in the United States, it’s worth a try.
ByteDance might deserve its most-watched status
  + stars: | 2022-10-07 | by ( ) www.reuters.com   time to read: +2 min
It’s a good show despite a stalled initial public offering plan, a global tech rout, and a politically difficult reception for its popular short-video streaming app. The company eked out an operating profit, too, in the first three months this year. ByteDance might be eating its rival’s lunch in more ways than one. (By Yawen Chen)Register now for FREE unlimited access to Reuters.com RegisterFollow @Breakingviews on Twitter(The author is a Reuters Breakingviews columnist. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
A Russian court on Tuesday fined TikTok for failing to delete LGBTQ material, the country’s latest crackdown on Big Tech companies. The Tagansky District Court in Moscow issued the 3 million ruble ($50,000) penalty to the short-video sharing platform following a complaint by Russian regulators. TikTok, which is owned by China’s ByteDance Ltd., didn’t immediately respond to a request for comment. Earlier this year, a court fined chat service WhatsApp and disappearing message platform Snapchat for failing to store Russian users’ data on local servers, following complaints by Roskomnadzor. Music streaming service Spotify and Match Group, which owns dating app Tinder, also have been hit by Russian fines.
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