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US bans China's most-valuable internet company; 'clearly a mistake' says the Chinese giant

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Tencent, a major Chinese social media and gaming firm, was labeled as a 'Chinese military company' by the Pentagon, marking a new escalation in US-China tensions. Other firms, including CATL and COSCO,
The U.S. has imposed a ban on TikTok, leading to a strong reaction from ByteDance, TikTok's parent company, which labeled the decision as a "clear mistake." This ban stems from national security concerns, with fears that the Chinese government could access American user data through TikTok. Despite these concerns, ByteDance has maintained that it has never shared, nor would it share, user data with the Chinese government. The company has also invested heavily in data security measures, including Project Texas, which aims to safeguard U.S. user data on American soil. Critics of the ban argue that it could stifle innovation and free speech, while supporters believe it's a necessary step to protect national interests. The situation has escalated into a broader debate about data privacy, national security, and the geopolitical tensions between the U.S. and China.

Read the Full MSN Article at:
[ https://www.msn.com/en-in/news/world/us-bans-china-s-most-valuable-internet-company-clearly-a-mistake-says-the-chinese-giant/ar-AA1x5eDI ]