ByteDance may move TikTok headquaters out of China

10-07-2020 Fri 20:07

Chinese Internet giant ByteDance is likely to move TikTok headquarters from China after a ban imposed on it in India. According to the article published in The Wall Street Journal, the officials are on a plan to go for new management for TikTok or to move its headquarters out of China.

It is said that the ByteDance is on a strategy to make necessary changes to the corporate structure of TikTok. Sources said that the TikTok Management said that they give high priority to the users' privacy and security and they build the platform to encourage the creativity of the users around the world. Earlier, the Indian government banned 59 Chinese apps citing a threat to security and sovereignty.


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