China denies accessing data after TikTok hit with huge EU fine

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China on Saturday denied it required companies to hand over data after TikTok was hit with a massive fine in the European Union for its handling of personal data.The social media giant was told to pay 530 million euros ($600 million) on Friday for transferring user data from Europe to China and failing to guarantee it was shielded from access by Chinese authorities.

Friday’s fine was the second-largest ever imposed by the European Union, following an investigation into the lawfulness of data transfers by TikTok.

Chinese-owned TikTok said it would…



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China denies accessing data after TikTok hit with huge EU fine


China on Saturday denied it required companies to hand over data after TikTok was hit with a massive fine in the European Union for its handling of personal data.The social media giant was told to pay 530 million euros ($600 million) on Friday for transferring user data from Europe to China and failing to guarantee it was shielded from access by Chinese authorities.

Friday’s fine was the second-largest ever imposed by the European Union, following an investigation into the lawfulness of data transfers by TikTok.

Chinese-owned TikTok said it would…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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