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Market Chatter: Amazon Discusses TikTok Partnership With House Committee on China
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Market Chatter: Amazon Discusses TikTok Partnership With House Committee on China
Nov 15, 2024 12:00 PM

04:06 PM EST, 11/14/2024 (MT Newswires) -- Amazon ( AMZN ) representatives met with the House Select Committee on China in September to discuss the company's shopping partnership with TikTok, Bloomberg reported Thursday, citing sources.

The committee had concerns regarding Amazon's ( AMZN ) partnership with a Chinese-owned company that faces potential ban over national security, according to the report, citing multiple people familiar with the matter.

The committee told Amazon ( AMZN ) that it is "dangerous and unwise" to partner with TikTok given the grave national security situation, Amazon ( AMZN ) told Bloomberg.

Amazon ( AMZN ), TikTok and the House Select Committee on China did not immediately respond to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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