The lawsuit is not the first Facebook has filed this year against a Hong Kong company.
TikTok has hired away more than two dozen employees from Facebook since 2018.
The case is the latest in a series of offensives against Chinese companies found to be injecting malware in apps for financial gain.
Western tech companies protect their castles; Chinese firms play guerrilla warfare.
Zuck’s small group plan won’t solve misinformation. It will just sweep it under the rug.
At 663 million downloads in 2018, TikTok surpassed Instagram and is catching up to Facebook.
The social media giant’s foray into cryptocurrency is already drawing comparisons with Chinese e-wallet platforms.
The Chinese central bank sees Libra as a rival and a direct threat to its yuan-backed DC/EP digital currency project.
The Southeast Asia digital advertising market is expected to grow by 13.93% and reach $15.35 billion by 2026.
China is racing ahead with the development of its central bank-issued digital fiat money.