Hit video app TikTok is investing heavily to address US concerns about its data security and anticipates being able to deliver a satisfactory solution with partner Oracle Corp.
TikTok Chief Executive Officer Shou Zi Chew said the company is working on an effort, called Project Texas, that will isolate sensitive data from its American users so that only staff in the US will have access. He called the effort “extremely difficult and expensive to build,” but aimed at the concerns of American officials.
“It’s unprecedented. No company has attempted this,” Chew said at the Bloomberg New Economy Forum in Singapore ...
