Amid US pressure, TikTok mulls moving headquarters to London
TikTok has not been doing well lately: the clouds are gathering, and the US government is going to impose a complete ban on the parent company ByteDance by analogy with Huawei. According to Reuters, over the past few months, TikTok has been discussing with the UK government the possibility of moving its headquarters to London.
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London is one of several locations the company is considering as a new location for its headquarters, whistleblowers say, but no decisions have been made so far. It’s not clear what other options TikTok is exploring, but this year it has been actively hiring people in California, including former Walt Disney executive Kevin Mayer, who became the new CEO of TikTok and now lives in the US.
The source said that the company has been preoccupied with its problems in the United States in the past few weeks, but that London may be the new home for the company. TikTok is expected to significantly increase its headcount in London and other cities outside of China over the next few years.
Yichuan Cao | NurPhoto | Getty images
Although The Sunday Times reported that Tiktok had already stopped negotiations with the UK government to open its main headquarters in the country, the source claims that the company continues to discuss this issue with British officials. TikTok declined to comment on the rumors.