TikTok CEO resigns amid US pressure on business

LOS ANGELES (Aug 27): TikTok CEO Kevin Mayer resigned Wednesday amid continued US pressure on the popular video-sharing app.

In a letter to employees, Mayer said he had made the decision because of the dramatically changing political environment, China's Xinhua news agency reported.

The video-sharing social networking company on Monday filed a lawsuit against US President Donald Trump's administration over an executive order banning any US transactions with its Chinese parent company ByteDance.

Since last year, US authorities have repeatedly accused TikTok of being a potential threat to US national security.

US officials alleged that the company, owned by Beijing-based ByteDance, could pass on data it collects from Americans' streaming videos to the Chinese government, a claim rejected by TikTok, which said it has never been asked to do so.

"Against this backdrop, and as we expect to reach a resolution very soon, it is with a heavy heart that I wanted to let you all know that I have decided to leave the company," he wrote in the letter.

Mayer, a former Disney executive, joined TikTok in May.

EdgeProp Malaysia Virtual Property Expo 2020 (VPEX 2020) is happening now! Find out more exclusive projects and exciting deals here

Stay safe. Keep updated on the latest news at 

Click here for more property stories.

Looking for properties to buy or rent? With >150,000 exclusive listings, including undervalued properties, from vetted Pro Agents, you can now easily find the right property on Malaysia's leading property portal EdgeProp! You can also get free past transacted data and use our proprietary Edge Reference Price tool, to make an informed purchase.
  1. Staffer on Democratic presidential nominee Biden's plane tests positive for Covid-19
  2. Parkson sets up joint venture for property development in China
  3. Muhyiddin: Malaysia to ink Covid-19 vaccine MoU with China