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Wanted: A New Home For TikTok That’s Outside China

Wanted: A New Home For TikTok That’s Outside China

4 years ago
Anonymous $9ruWwTnhZq

https://wccftech.com/wanted-a-new-home-for-tiktok-thats-outside-china/

With TikTok's increased fame and popularity comes more and more scrutiny over its ownership in China. To counter this, the company is said to be looking for a headquarters outside of China and has narrowed down the contenders to Dublin, London or Singapore.

The Wall Street Journal reports that the company has been exploring the move for some time, but efforts to leave China have accelerated in the past few months as it finds itself in the crosshairs of the Committee on Foreign Investment in the United States (CFIUS) over the $1 billion acquisition of Musical.ly -- which was re-branded as TikTok. Although TikTok is owned by China's ByteDance, the TikTok side of operations (TikTok is known as Douyin in China and is a separate legal entity) takes pains to distance itself from China as much as possible with most of its operations being run out of Los Angeles. ByteDance also established an Irish subsidiary, TikTok Technology Ltd, last year and is actively recruiting for a number of roles in Dublin.

Wanted: A New Home For TikTok That’s Outside China

Dec 23, 2019, 11:23pm UTC
https://wccftech.com/wanted-a-new-home-for-tiktok-thats-outside-china/ > With TikTok's increased fame and popularity comes more and more scrutiny over its ownership in China. To counter this, the company is said to be looking for a headquarters outside of China and has narrowed down the contenders to Dublin, London or Singapore. > The Wall Street Journal reports that the company has been exploring the move for some time, but efforts to leave China have accelerated in the past few months as it finds itself in the crosshairs of the Committee on Foreign Investment in the United States (CFIUS) over the $1 billion acquisition of Musical.ly -- which was re-branded as TikTok. Although TikTok is owned by China's ByteDance, the TikTok side of operations (TikTok is known as Douyin in China and is a separate legal entity) takes pains to distance itself from China as much as possible with most of its operations being run out of Los Angeles. ByteDance also established an Irish subsidiary, TikTok Technology Ltd, last year and is actively recruiting for a number of roles in Dublin.