TikTok USDS Joint Venture LLC is backed by managing investors Oracle, Silver Lake, and MGX. The app’s Beijing-based parent company retains a 19.9 percent stake.
‘Our greatest enemy should never have access to, nor benefit from, our capital markets or military procurement process in any way,’ Rep. Scott Perry said.
Last year, a think tank advised the United States to ban Chinese lidar from critical and defense sectors because the technology could impact national security.
TikTok USDS Joint Venture LLC is backed by managing investors Oracle, Silver Lake, and MGX. The app’s Beijing-based parent company retains a 19.9 percent stake.
‘Our greatest enemy should never have access to, nor benefit from, our capital markets or military procurement process in any way,’ Rep. Scott Perry said.
Last year, a think tank advised the United States to ban Chinese lidar from critical and defense sectors because the technology could impact national security.