‘Carry Water for Beijing’: Rubio Sounds Alarm on JP Morgan’s Partnership With TikTok’s Chinese Owner

[Epoch-Times-Bot]

'Carry Water for Beijing': Rubio Sounds Alarm on JP Morgan's Partnership With TikTok's Chinese Owner

Sen. Marco Rubio (R-Fla.) has raised “strong concern” over banking giant JP Morgan Chase’s decision to partner with China-based ByteDance to develop its next-generation payment systems.
ByteDance is the parent company of social media giant TikTok, and has drawn heightened scrutiny over its ties with the Chinese Communist Party (CCP), which rules China as a single-party state.
Both JP Morgan and ByteDance have previously refused to comment on the partnership or when it began, but a payment system jointly deployed by the companies reportedly "allows real-time exchange of data between ByteDance and J.P. Morgan" so that ByteDance can "see and monitor payments."...

Source: 'Carry Water for Beijing': Rubio Sounds Alarm on JP Morgan's Partnership With TikTok's Chinese Owner

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