TikTok Makes Effort to Avoid EU Fine Under New Digital Rules
- EU opened a formal probe on Monday, with threat of fines
- Regulators fear the TikTok Lite service could endanger minors
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ByteDance Ltd. said it handed in an overdue document assessing potential risks to minors of its TikTok Lite service, a day after regulators threatened it with fines and a partial ban.
The company said in a statement it met a deadline to hand over the document, after the EU’s Monday decision to open a probe into the launch in France and Spain under its new Digital Services Act.