A man holding a phone walks past a sign with the TikTok logo at the International Artificial Products Expo in Hangzhou in October. Photo: Reuters

US investigating TikTok owner ByteDance over US$1 billion acquisition of social media app Musical.ly

  • Beijing-based firm did not seek clearance from US committee that reviews deals by foreign acquirers for national security risks
  • TikTok has been growing more popular among US teens amid growing tensions with China over trade and technology transfers
Topic |   TikTok app

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A man holding a phone walks past a sign with the TikTok logo at the International Artificial Products Expo in Hangzhou in October. Photo: Reuters