PRESS RELEASE:
World Lab Technologies, Inc. today announces its interest in the acquisition of the US Operations of the social media app TikTok from its parent company, ByteDance Ltd.
The Company would ensure the security of user data and move and manage all private user data from American users to secure data centers within the United States. The potential acquisition is in keeping with the Company’s mission to invest in new technologies with broad social impact that can strengthen sustainable global relationships.
World Lab Technologies, Inc, founded by its CEO, Mr. Alexandr V. Jucov, a leading businessman originally from Moldova, is engaged in funding research and developing new technologies in the rapidly growing areas of Renewable Energy Generation, Energy Storage Solutions, Sustainable Mobility, Logistics and Infrastructure Projects with positive social and regional development impact. The focus is on the collaboration on these technologies between research and development centers from around the world.
