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Singapore plans bold overhaul to revive stock market; Singaporean CEO Shou Zi Chew defends


TikTok CEO Shou Zi Chew arrives to attend the 6th edition of the Paris Peace Forum at the Palais Brongniart in Paris, France, November 10, 2023. REUTERS/Stephanie Lecocq/PoolTikTok CEO Shou Zi Chew arrives to attend the 6th edition of the Paris Peace Forum at the Palais Brongniart in Paris, France, November 10, 2023. REUTERS/Stephanie Lecocq/Pool

TikTok’s future in the US hangs in the balance as Singaporean CEO Shou Zi Chew battles national security laws. Will ByteDance be forced to sell or face a ban? REUTERS/Stephanie Lecocq/Pool

TikTok is in the spotlight due to ongoing legal battles in the United States, where the app faces potential bans or forced divestment due to national security concerns.

The Biden administration has enacted a law demanding that ByteDance, TikTok’s Chinese parent company, divest its U.S operations by mid-January or face a ban.

TikTok is hotly contesting this legal issue in federal court to avoid a ban in the US.

Shou Zi Chew, TikTok’s 41-year-old Singaporean CEO, is at the forefront of this battle.

Chew has a notable background, including stints at Facebook, Xiaomi, and investment firms before joining ByteDance in 2021.

His role at TikTok involves managing the company’s response to US regulatory pressures and defending against accusations that its data practices pose a national security risk.

Chew has been vocal in his defence of TikTok, testifying before US Congress and addressing concerns directly through media and social platforms.

Despite his efforts, the company faces a challenging legal environment, as judges scrutinise the implications of the law for both TikTok and broader constitutional rights.

The outcome of these legal proceedings could have significant ramifications for both TikTok and its parent company ByteDance.

If the law is upheld, TikTok may be forced to find a new owner or face a nationwide ban, potentially altering the app’s future in the US and affecting its global operations.

Chew’s leadership will continue to be critical as TikTok navigates these complex legal and political challenges.

Know more about TikTok’s issues in the US and its Singaporean CEO leading its defence here.



Read More: Singapore plans bold overhaul to revive stock market; Singaporean CEO Shou Zi Chew defends

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