Personal data security 'non-negotiable,' says TikTok CEO in Lima

At the APEC CEO Summit 2024, Chew revealed that TikTok has invested $1.5 billion to secure the data of its North American community and is preparing for additional investments to safeguard user information in Europe.

“Data regulations are evolving across regions, serving as a foundation to protect our community and deliver tools that foster creativity while ensuring a safe online experience for all,” he said. This commitment is critical, Chew remarked, as more than a billion people trust TikTok with their futures, relying on the platform to uphold their values, protect their data, and champion freedom of expression.

In Southeast Asia, over 50 million businesses are using TikTok to showcase products and increase revenue by as much as 50%, according to Chew. He added that five million small and medium-sized enterprises rely on TikTok daily for sales, creating a community that supports 350,000 jobs in North America and contributes $12.5 billion to the U.S. GDP.