News Snapshot:
ByteDance , owner of global hit short video app TikTok , spent a record US$2.14 million on lobbying in the US during the second quarter, as the Chinese tech unicorn sought to fend off escalating congressional attacks over its privacy and security practices . The Beijing-based company’s lobbying spending increased nearly 130 per cent from the first quarter, a sign that TikTok’s government affairs operation is escalating its attention to Congress after a lull. This year’s second-quarter spending increased 16.3 per cent over a year earlier, when the company spent US$1.84 million. TikTok has been the object of increasing scrutiny...
