After being banned in India, Tiktok International TikTok faced the same fate in the United States.On July 22, according to media reports, the US House of Representatives voted on Monday local time to pass a bill prohibiting federal employees from downloading TikTok on government issued devices.It is reported that the bill was proposed by Colorado Republican Congressman Ken Buck.In his previous speech, Buck declared that TikTok was a "serious national security threat" and said that TikTok's data collected from American consumers might be used for cyber attacks against the United States.On the day of voting, the US House of Representatives passed the bill proposed by Buck with 336 votes to 71, which will be part of the amendment to the US National Defense Authorization Act.The affected people include US government officials, members of Congress, employees of Congress, etc.Last weekend, the campaign team of President Trump also posted an advertisement on Facebook, claiming that TikTok monitored users.At the same time, Trump's campaign team also added a link to a questionnaire on the advertisement to investigate whether users think the United States should ban TikTok.In addition to Trump, Secretary of State Pompeo of the United States is also very tough on Tik Tok.At the beginning of this month, when the media asked whether American citizens could download TikTok, Pompeo said: "Only those who are willing to hand over their private information to the Chinese government will download it.".He also threatened to include ByteDance in the so-called "entity list" of the United States.The U.S.ban was further upgraded.In November 2017, ByteDance invested $1 billion to acquire Musical.ly.After the acquisition, Musical The name of ly was officially changed in August 2018, and the merger with TikTok was completed.Through "backdoor", TikTok successfully landed in the U.S.market.Then, ByteDance used its most familiar ROI method of brand building, buying, and rapidly accumulating users to open the road to expansion of the U.S.market.At present, the United States has become TikTok's second largest overseas market.By the end of April, among the more than 2 billion downloads of TikTok in the world, the U.S.market had contributed 165 million downloads, accounting for 8.2% of the total downloads.According to media reports, TikTok has about 50 million daily live subscribers in the United States.In addition, the U.S.market is also the main source of TikTok's overseas income.According to previous estimates, nearly half of TikTok's income this year will come from the United States, which is expected to be between 1 billion and 1.4 billion dollars.If TikTok is banned in the United States, it will bring a fatal blow to the globalization strategy of ByteDance.At the same time, the valuation of ByteDance will also be greatly reduced.At present, the valuation of ByteDance shares in the secondary market has exceeded 120 billion dollars, but some investors predict that the US ban may reduce its valuation by 30%.Now, ByteDance is facing two major regulatory problems in the United States: first, user data collection and acquisition of Musical.ly.Last October, the US Senate requested the Committee on Foreign Investment (CFIUS)
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