TikTok will exit the Hong Kong market within days, a spokesman told Reuters late on Monday, as other technology companies including Facebook Inc have suspended processing government requests for user data in the region. “In light of recent events, we’ve decided to stop operations of the TikTok app in Hong Kong,” a TikTok spokesman said in response to a Reuters question about its commitment to the market. The Hong Kong region is a small, loss-making market for the company, one source familiar with the matter said. Last August, TikTok reported it had attracted 150,000 users in Hong Kong. The source said the move was made because it was not clear if Hong Kong would now fall entirely under Beijing’s jurisdiction.

Source: Standard Digital July 07, 2020 03:33 UTC