Insta
After India Ban, TikTok’s Parent Company ByteDance Considering To Shift App’s Headquarters Out Of China
Swarajya Staff
Jul 10, 2020, 02:31 PM | Updated 02:31 PM IST
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
After facing intense scrutiny in United States and in India, the parent company of video sharing app TikTok, ByteDance is considering changing the corporate structure of the app, reports Economic Times.
As per the report, the senior level executive in the Chinese Internet giants is mulling 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 the country.
“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 was quoted as saying in the ET report.
It was reported earlier that the Narendra Modi government's retaliatory ban on 59 Chinese app in response to the latter's unprovoked aggression along the Line of Actual Control (LAC) would potentially cause a loss of $6 billion to ByteDance.
Additionally, after India banned TikTok over national security concerns, the United States also restricted the users' access of the Chinese short-video sharing app in the country.
Just recently, Facebook-owned Instagram announced the extension of the testing of Reels which allows users to record, edit and share short multi-clip videos, to India. The announcement was made to capitalise on the huge vacuum for the 15-second videos in the Indian Internet space created due to the banning of TikTok.
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.