In a posting by the company, posted on its website, it is emphasized that TikTok "has never shared user data with the Chinese government and has not censored content upon request."

TikTok said that "the executive order threatens to undermine the confidence of global business in the US commitment to the rule of law, which has served as a magnet for investment and spurred the country's economic growth for decades."

Earlier, American leader Donald Trump signed a decree, which will enter into force 45 days after publication, prohibiting American companies and individuals in US jurisdiction from conducting any transactions with ByteDance, which owns TikTok, or its subsidiaries.

Trump also demanded that the US division of TikTok be sold to Microsoft or another US company by September 15 to avoid a ban in the country.