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    ByteDance may move TikTok headquarters out of China as India bans app

    Synopsis

    Senior executives are discussing options such as creating a new management board for TikTok or establishing a headquarters for the app outside of China to distance the app’s operations from China, the Wall Street Journal reported on Thursday.

    Agencies
    TikTok has about 200 million registered users in the country. It had been downloaded 660 million times since its launch in India. Parent ByteDance employs about 2000 people in India.
    Chinese Internet giant ByteDance is considering changing the corporate structure of its popular short-video app TikTok, as it comes under intense scrutiny in India and the US.

    Senior executives are discussing options such as creating a new management board for TikTok or establishing a headquarters for the app outside of China to distance the app’s operations from China, the Wall Street Journal reported on Thursday.

    “As we consider the best path forward, ByteDance is evaluating changes to the corporate structure of its TikTok business. We remain fully committed to protecting our users' privacy and security as we build a platform that inspires creativity and brings joy for hundreds of millions of people around the world,” TikTok told ET in a statement.

    TikTok added that it will move forward in the best interest of its users, employees, artists, creators, partners, and policymakers.

    TikTok was among 59 Chinese apps banned by the govt last month, citing threat to sovereignty, security, and public order. After India banned TikTok last week, Secretary of State Mike Pompeo hinted at a possible ban for TikTok and other Chinese apps during an interview with Fox News.

    TikTok has about 200 million registered users in the country. It had been downloaded 660 million times since its launch in India. Parent ByteDance employs about 2000 people in India.

    ByteDance’s parent counts U.S. investors such as Coatue Management, General Atlantic, and Sequoia Capital among its backers.

    While officials in several countries have expressed concerns about whether TikTok shares user data with the Chinese govt, the app has repeatedly denied receiving Chinese government requests for user data and said it wouldn’t respond if asked.

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    9 Comments on this Story

    Alex Hurst24 days ago
    Will not work anymore, millions have already deleted their TikTok accounts lol
    Cvs Murthy24 days ago
    BJP should promote Indian talent and Indian companoes.
    N S26 days ago
    people who love Tiktok more than country and army they should be ki kicked out from India
    The Economic Times