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Founder of TikTok's Chinese owner stepping down as CEO by The Associated Press Last Updated May 20, 2021 at 6:28 am EDT BEIJING (AP) — The founder of TikTok’s Chinese owner said Thursday he will give up his job as CEO to focus on longer-term initiatives, a step that comes amid uncertainty over whether the Biden administration will force the sale of the popular short video service’s U.S. arm. Zhang Yiming said Liang Rubo, a co-founder, will succeed him as ByteDance Ltd. CEO. Zhang said leaving day-to-day management will “enable me to have greater impact on longer-term initiatives,” ...

Senate Republicans Take Another Run At Banning TikTok From Government Devices Sen. Josh Hawley of Missouri and other GOP senators reintroduced a measure Thursday to ban Tiktok from all federal government devices. Tiktok, the popular social media application, is cited by the lawmakers as being a privacy risk on American soil given its ownership by the Chinese Communist Party. “TikTok is a Trojan horse for the Chinese Communist Party that has no place on government devices — or any American devices, for that matter,” said Hawley in a statement. “My bill is a straightforward plan to prot...

TikTok, the Chinese-owned video-sharing app, is breaching users’ rights “on a massive scale,” European consumer campaign group BEUC warned on Tuesday after firing off complaints to regulators. TiKTok’s “unfair” copyright policy and virtual coins should be probed, Brussels-based BEUC urged in a statement on Tuesday. It also escalated previous warnings that the app fails to protect children and teenagers from harmful content or hidden advertising. “In just a few years, TikTok has become one of the most popular social media apps with millions of users across Europe,” said Monique...

CX Daily: China’s Carbon Trading Market Hobbled by Unanswered Questions Carbon / China for the first time asked domestic companies to shoulder the responsibility for controlling the country’s greenhouse gas emissions by buying and selling emission quotas on a unified national carbon market. The sheer scale of the problem could create the world’s largest carbon trading market, but big structural factors stand in the way. Systemic issues in China’s power generation industry are likely to prevent companies from effectively participating in the national carbon market: the pressure that t...

Chalk up another victim of the 2020 pandemic: big business groups that fuel Washington’s influence industry.