TikTok has been in discussions with the UK authorities over the previous few months to find its headquarters in London, a supply conversant in the matter mentioned, as a part of a technique to distance itself from its Chinese possession.
London is amongst certainly one of a number of places the corporate is contemplating, however no selections have been made, the supply mentioned.
It was not instantly clear what different places are into consideration. But it has employed aggressively in California this yr, together with poaching Kevin Mayer, a former Walt Disney Co government, to be TikTok’s chief government. He relies within the United States.
TikTok is dealing with heavy scrutiny in Washington over suspicions China may drive the corporate to flip over person knowledge. TikTok is owned by China-based ByteDance.
The supply mentioned the corporate is essentially centered on its points within the United States over the previous few weeks, however has not dominated out London as a possible location for its new headquarters. TikTok is predicted to “significantly” enhance the scale of its workforce in London and different key places exterior of China over the following a number of years, the supply mentioned.
The Sunday Times reported Tiktok has damaged off talks with the UK authorities to open a worldwide headquarters in Britain.
A supply mentioned Tiktok was nonetheless in discussions with Britain’s authorities.
© Thomson Reuters 2020