TikTok was fined 530 million euros ($600 million) by its lead EU privacy regulator on Friday over concerns on how it protects user information and was ordered to suspend data transfers to China if its processing is not brought into compliance within six months.

TikTok has been slapped with a hefty €530 million fine by the main privacy regulator in the European Union (EU). The penalty comes over concerns about the company's handling of user data. The EU's lead regulator, Ireland's Data Protection Commissioner (DPC), said TikTok failed to show adequate protection for the personal data of EU users.