TikTok could move its headquarter to London


According to a report by Reuters, 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 the move is a part of the strategy to distance itself from its Chinese ownership.

Last week, we reported that TikTok had left Hong Kong, its former headquarters and also blocking all access of the social networking app on the island after China imposed the Hong Kong National Security Law.

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 has left Hong Kong in fear of new Chinese law

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.

However, the Sunday Times reported 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.