US user data is stored in the United States, with a backup in Singapore, according to TikTok. Last year, Chinese company Beijing Kunlun Tech was forced to sell its majority stake in dating app Grindr after a CFIUS review. TikTok is also not available in China, although another Bytedance app — Douyin — is similar and they share the same logo and branding. It shows several businesses falling under larger entities listed in the Cayman Islands, the United States and Hong Kong. Because technology is driving geopolitics, Prakash added, the United States will be eyeing Chinese technology firms with increasing scrutiny.

Source: CNN May 21, 2020 05:03 UTC