ByteDance to relocate HQ from China to London – report
United Kingdom’s government approved the relocation of TikTok owner ByteDance Ltd.’s headquarters from Beijing to London, British newspaper The Sun reported on Monday.
The official announcement of the agreement should be expected soon, according to the report. The deal could also entail that ByteDance’s Founder, Chairman and CEO Zhang Yiming and TikTok’s creator Alex Zhu relocate to the UK’s capital as well.
The report also claims that, if the deal goes through, Downing Street may face criticism from the United States, where the country’s President Donald Trump is looking for ways to either have an American company buy TikTok, or outright ban the app in the US.
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