Innovation, Science & Industry Min. François-Philippe Champagne has ordered the wind up of TikTok Technology Canada, Inc., following a national security review under the Investment Canada Act. Champagne said in a statement released late Wednesday that the federal government is taking action to address “specific national security risks” related to Beijing-headquartered ByteDance Ltd.’s operations in Canada through the establishment of TikTok Technology Canada, Inc. acting on the advice of Canada’s security and intelligence community and other government partners. Canadians will still be allowed to access TikTok and create content. The federal government is urging Canadian users to assess the “possible risks of using social media platforms and applications, including how their information is likely to be protected, managed, used and shared by foreign actors, as well as to be aware of which country’s laws apply.”
