On the afternoon of July 20, according tomedia reports, people familiar with the matter said that the short video app TikTok had planned to invest 3 billion pounds to set up a global headquarters in the UK. Given the recent pressure on TikTok in countries such as the United States for information security, TikTok’s plan may be in vain before it is implemented. In response, ByteDance said bydanceDance is committed to becoming a global company, and ThattikTok’s non-China headquarters has not yet been finalized.
Earlier, the Wall Street Journal reported that Byte Dance was considering changing the corporate structure of its short video app TikTok because of overseas scrutiny for TikTok.
The company’s executives are discussing options such as creating a new management committee for TikTok or setting up a headquarters outside China as early as December, with Singapore, London and Dublin as candidates, the report said.
Currently, TiKTok does not have a global headquarters, and newly appointed CEO Kevin Mayer is based mainly in Los Angeles.