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Create Free AccountThe FBI has issued a public service announcement warning Americans about the data security risks associated with foreign-developed mobile applications. The warning specifically targets apps with digital infrastructure in China, such as TikTok, Temu, Shein, and CapCut. According to the FBI, these platforms are subject to Chinese national security laws that may compel them to share user data with the government. Many of these apps are currently among the most downloaded in the United States, raising concerns over large-scale data harvesting. This regulatory scrutiny poses a significant risk to Chinese tech companies listed in the U.S., as federal warnings often precede more restrictive legislation. Market analysts suggest this development could negatively impact the valuation of Chinese ADRs like PDD Holdings and Alibaba.