TikTok to relocate its Headquarters
According to reliable media sources, TikTok has been seriously contemplating to relocate its headquarters to London and has been in advanced discussions with the UK government over the past few months for the same. London, Singapore and Dublin were among the locations being considered by TikTok according some reports suggested in December. No American cities was shortlisted.
It comes at a time when tensions are mounting between the UK and China over the government's recent decision to order the removal of Huawei's 5G equipment from Britain's mobile networks by 2027. And there are fears it could prompt a tit-for-tat economic war between the two countries.
It was not immediately clear what are the other locations that were under consideration. But it has hired aggressively in California this year, including poaching of Kevin Mayer, a former Walt Disney Co executive, to be TikTok’s chief executive. He is based in the United States.
TikTok is also facing intense scrutiny in Washington over suspicions over China. This could force the company to turn over user data. TikTok is owned by China-based Byte Dance. However, TikTok denies it is a security risk.
TikTok does not currently have official headquarters, although its most senior executive is based in Shanghai.