A star-studded array of Silicon Valley venture investors have joined forces with a bipartisan group of U.S. lawmakers as part of a working group that has one aim: Combatting China's influence in the U.S. technology industry, the Wall Street Journal reported Friday.
The consortium is named the Hill & Valley Forum, the Journal reported, a nod to the group's bicoastal origins.
The Forum will host a dinner ahead of TikTok CEO Shou Zi Chew's Congressional testimony next week, with speakers including prominent venture capitalists Peter Thiel and Vinod Khosla, the Journal reported.
Now, lawmakers, venture investors, and lobbyists are pushing for the government to ban or curtail the app's influence, citing a potent threat from the Chinese government.
The ultimatum came weeks after lawmakers urged the Committee to complete its yearslong probe into TikTok.