Canada Orders TikTok to Shut Offices in the Country

Canada has ordered Chinese short-video platform TikTok to shut shop in the country, citing national-security risks, Reuters reported on Wednesday.

“The government is taking action to address the specific national security risks related to ByteDance Ltd’s operations in Canada through the establishment of TikTok Technology Canada Inc,” Innovation Minister Francois-Philippe Champagne said in a statement.

The Justin Trudeau Administration clarified, however, that his government will not block Canadians’ access to the app or their ability to create content.

The decision comes after last year Ottawa began reviewing TikTok’s plan to invest and expand its business in Canada. ByteDance is TikTok’s Chinese parent company.

Read the full report: Reuters.

Vishakha Saxena

Vishakha Saxena is the Multimedia and Social Media Editor at Asia Financial. She has worked as a digital journalist since 2013, and is an experienced writer and multimedia producer. As a trader and investor, she is keenly interested in new economy, emerging markets and the intersections of finance and society. You can write to her at [email protected]