Zhang Yiming’s Bytedance, which owns TikTok, is now worth more than $100 billionTikTok has a straightforward defence against accusations that it funnels personal information to the Chinese state. Yet its privacy policy paints a different picture. “We may share your information with a parent, subsidiary or other affiliate of our corporate group”, according to its terms and conditions. The parent in question is Bytedance, an eight-year-old internet giant that has rapidly become one of the world’s most valuable private companies. Because it is based in Beijing, Bytedance operates under China’s national security laws, which compel internet companies to turn

Source: The Times August 03, 2020 23:03 UTC