Business Standard

Tiktok considers London for headquarte­rs

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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, as part of a strategy to distance itself from its Chinese ownership.

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 executive, to be Tiktok’s chief executive. He is based in the United States.

Tiktok is facing heavy scrutiny in Washington over suspicions China could force the company to turn over user data. 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.

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