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Illustration: Aïda Amer/Axios

TikTok said Monday night that it would 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.

What they're saying: "In light of recent events, we've decided to stop operations of the TikTok app in Hong Kong," a spokesperson told Axios on Monday night.

  • Observers have said the new law forces companies doing business in Hong Kong to provide user data to the Chinese government as well as to 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 since increased, it remains a small market and an unprofitable one, according to the company.

Go deeper

Felix Salmon, author of Capital
Oct 8, 2020 - Technology

Oracle's disconnect on remix culture

Illustration: Aïda Amer/Axios

The most important Supreme Court case in modern Silicon Valley history came to oral arguments on Wednesday.

Why it matters: Oracle is suing Google for writing some specialized code, known as an API, which allowed developers to code in Oracle's Java programming language when building Android apps. Oracle claims copyright on Java APIs, and wants $9 billion in damages.

Surprising pandemic side effect: Soaring trade deficits

Source: Census Bureau and Bureau of Economic Analysis; Chart: Axios Visuals

Inflation and jobs may get all the economic headlines, but meanwhile a big shift is taking place in the underpinnings of the world economy: The U.S. trade deficit is soaring.

What's happening: Americans' spending on imported physical goods has gone through the roof, while exports are growing slowly, making the U.S. the world's consumer of last resort.

Mike Allen, author of AM
52 mins ago - Politics & Policy

Third Way: "Big Lie" could become "Big Coup"

Graphic: Third Way

Third Way, the center-left think tank, is urging fellow Democrats to respond to the Capitol riot with "the size, scope, and seriousness of a presidential campaign," co-founder Matt Bennett tells me.

Driving the news: "For the first time in U.S. history, a party must mount two parallel presidential campaigns: one to win the election, and the other to prevent its theft," Bennett said, calling this "a Paul Revere moment."