That depends on whether you're controlled by the Chinese state. If you are, someone might well say this. The root question is whether TT/BD is/are controlled by the state. Given the size of the company and the CCP drive to control "large" (a flexible concept - which intensified after Xi Jinping came to power - it is not unreasonable to assume the state has significant influence.
You can say that about anything under the jurisdiction of Chinese law. It's not like they have a choice. US companies are also "controlled" by the state in the same manner we are accusing these companies because the Chinese government can compel them to release their data to them in the same way national security letters can be used, and in the same way NSA data harvesting is being used.
The difference right now between China and the US is that everybody knows China is monitoring everyone—even Chinese citizens.