4.9 • 9 Ratings
🗓️ 14 August 2020
⏱️ 17 minutes
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0:00.0 | Hi there, welcome back to M-Nex's weekly catch-up on regulatory affairs. My name is James Panicki. I'm a member of |
0:17.9 | M-lex's Asia-Pacific team. Now, unless you have teenage children, or indeed unless you are a teenager, you might not fully appreciate how much is at stake in the escalating regulatory and political fight over TikTok. |
0:31.6 | The video sharing platform has become a global sensation and has tapped into that particular demographic, but there are |
0:38.4 | mounting concerns over TikTok's acquisition, use and storage of personal data. |
0:44.3 | And these privacy concerns have fed into growing unease over the Chinese government's access |
0:49.5 | to that data. |
0:50.8 | Then add to that a combustible political backdrop, the upcoming elections in the US. President |
0:56.7 | Donald Trump has told TikTok that it needs to sell its US operations or it will be forced to |
1:02.7 | shut down and Microsoft now appears to be the frontrunner in the race to buy at the very least |
1:08.5 | the platform's local company. |
1:13.2 | Mnex recently published a global wrap, |
1:15.1 | analyzing TikTok's predicament, |
1:17.8 | and will use South Korea as a case study with one of our local reporters in just a moment. |
1:21.0 | But first, it's over to Amy Miller, |
1:23.1 | our senior correspondent for data privacy and security, |
1:26.1 | and she's based in San Francisco. |
1:28.3 | Amy, firstly, for those unfamiliar with TikTok, remind us what it is and how many people use it. |
1:35.4 | Well, TikTok is owned by BiteDance. That's an eight-year-old Chinese social media company. |
1:41.2 | And it's China's first real global social media sensation, and the company's founder |
1:47.2 | began pushing to make it go global really from the start. Today it has about 2.4 million active |
1:54.0 | daily users, most of whom are teenagers, and it's one of the most frequently downloaded apps in the |
1:59.8 | world with two billion downloads |
... |
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