Assuming the average user doesn't really ever 'close' apps, it means TikTok had access to everything a user copied/pasted on that device.
Assuming the CCP can access data on Chinese company servers, then it's fair to assume the CPP is in possession of all of the clipboard contents.
[1] https://www.theverge.com/2020/6/26/21304228/tiktok-security-...