China denies accessing data after TikTok hit with huge EU fine

China on Saturday denied it required companies to hand over data after TikTok was hit with a massive fine in the European Union for its handling of personal data.The social media giant was told to pay 530 million euros ($600 million) on Friday for transferring user data from Europe to China and failing to guarantee it was shielded from access by Chinese authorities.

Friday’s fine was the second-largest ever imposed by the European Union, following an investigation into the lawfulness of data transfers by TikTok.

Chinese-owned TikTok said it would…