Alexandr Jucov, Moldovan investor and the founder and CEO of World Lab Technologies, Inc plans to acquire the US operations of TikTok social media platform from ByteDance Ltd.
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Born in Moldova in 1969, Alexandr Jucov is a first-rate investor and the founder and CEO of World Lab Technologies, Inc, which is engaged in funding research and developing new technologies in the rapidly growing areas of renewable energy, energy storage, sustainable mobility, but also in the field of social media.
After the executive orders which stated that TikTok and WeChat should be banned from the U.S. market due to national security concerns, many companies, World Lab Technologies, Inc included, have shown interest in acquiring the US operations of the social media platform. Sources claim that Microsoft is also among those interested, but World Lab Technologies, Inc to be likely to outbid them.
Jucov and World Lab Technologies, Inc believe that TikTok is one of the most significant social media platforms of the recent years and therefore, has a broad social implact. World Lab Technologies, Inc is ready to 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 Corporation’s mission to invest in new technologies with broad social impact that can strengthen sustainable global relationships.
Aleksandr V. Jucov, CEO at World Lab Technologies Inc has stated earlier this month “I aim to transform World Lab into a Powerhouse of Innovation and a Force for Positive Change!”
To achieve that, the company has also showed specific interest to invest in some of the major sports leagues. The CEO Jucov stated that the World Lab Technologies, Inc intends to acquire major stakes in some of the premier sports franchises in Washington DC and the world and will establish a Sports Technology and Management division focused on integrating new technologies and data-based metrics in all aspects of sports to enhance team operations as well as the overall fan experience.
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