TikTok said Monday night that it would be pull its social video platform out of the Google and Apple app stores in Hong Kong amid a restrictive new law that went into effect last week.
Why it matters: TikTok's move comes as many large tech companies say they are still evaluating how to respond to the Hong Kong law.
Observers have said the new law forces companies doing business in Hong Kong to provide user data to the Chinese government as well as comply with censorship requests.
Between the lines: The move comes as TikTok parent ByteDance has looked to more clearly separate TikTok, which operates outside of China, from a similar app used within mainland China. The company has said that TikTok has not shared data with the Chinese government nor would it, a position that would be difficult — if not impossible — to maintain under the new law.
TikTok said last September it had 150,000 users in Hong Kong. While that number has probably gone up since, it is still a small market and not yet a profitable one either, according to the company..
