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TikTok considering London for headquarters to distance Chinese ownership

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

TikTok, Chinese app
It was not immediately clear what other locations are under consideration
Bloomberg
1 min read Last Updated : Jul 20 2020 | 12:03 AM IST
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 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. 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.

Topics :TikTok