TikTok faces fine over $553 million for illegally shipping EU data to China

TikTok owner ByteDance Ltd. is set to be hit by a privacy fine of more than €500 million ($553 million) for illegally shipping European users’ data to China, adding to the growing global backlash over the video-sharing app.

Ireland’s data protection commission, the company’s main regulator in Europe, will issue the penalty against TikTok before the end of the month, according to people familiar with the matter.