The Battle Against TikTok: Investors, Lawmakers, and Buyers Weigh In.
A group of Silicon Valley venture investors and US lawmakers have formed the Hill & Valley Forum to combat China's influence in the US technology industry. The group is concerned about TikTok's Chinese ownership and its potential to expose American users to China's intelligence-gathering efforts. The Committee on Foreign Investment in the United States has warned TikTok's parent company, ByteDance, to divest from their stakes or face a ban. The Hill & Valley Forum will host a dinner ahead of TikTok CEO Shou Zi Chew's Congressional testimony next week, with speakers including venture capitalists Peter Thiel and Vinod Khosla.