TikTok is ahead To considers London and other locations for headquarters

-

TikTok is facing heavy scrutiny in Washington over suspicions China could force the company to turn over user data. TikTok is owned by China-based ByteDance.

TikTok has been in discussions with the UK government over the past few months to locate its headquarters in London, a source familiar with the matter said, as part of a strategy to distance itself from its Chinese ownership.

London is among one of several locations the company is considering, but no decisions have been made, the source said.

It was not immediately clear what other locations are under consideration. But it has hired aggressively in California this year, including poaching Kevin Mayer, a former Walt Disney Co executive, to be TikTok’s chief executive. He is based in the United States.

TikTok is facing heavy scrutiny in Washington over suspicions China could force the company to turn over user data. TikTok is owned by China-based ByteDance.

The source said the company is largely focused on its issues in the United States over the last few weeks, but has not ruled out London as a potential location for its new headquarters. TikTok is expected to “significantly” increase the size of its workforce in London and other key locations outside of China over the next several years, the source said.

The Sunday Times reported bit.ly/2ZHlI1Z Tiktok has broken off talks with the UK government to open a global headquarters in Britain.

A source said Tiktok was still in discussions with Britain’s government.

TikTok declined to comment.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Xiaomi India Slapped With Rs. 653-Crore Notice for Alleged Tax Evasion

Chinese smartphone maker Xiaomi evaded custom duty to the tune of Rs. 653 crore in India, Finance Ministry said on Wednesday. Based...

Crypto Ban in India ‘Difficult to Implement’, Says Ashima Goyal of India’s Monetary Policy Committee: Report

A member of India's Monetary Policy Committee (MPC) has given Indian crypto investors a respite from rumours suggesting that...

CES 2022: Samsung Odyssey Ark 55-Inch Curved Monitor, Freestyle Projector Unveiled

Samsung Odyssey Ark curved monitor has been unveiled at CES 2022. This 55-inch 4K monitor is the largest of...

Huawei P50 Pocket Foldable Phone With Snapdragon 888 4G SoC, 6.9-Inch Primary Display Launched

Huawei P50 Pocket foldable phone has been launched in China. This is the first clamshell foldable phone from the...

Latest Updates

Must read

Alibaba Plans to Grow Southeast Asia E-Commerce Arm Lazada to $100 Billion

Alibaba this week revealed an ambitious vision to grow...

WhatsApp improves Payments, adds new voice calling features for iOS users: says report

WhatsApp's latest iPhone beta release suggests that the messaging...

You might also likeRELATED
Recommended to you

Log In

Forgot password?

Don't have an account? Register

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.