TikTok's parent company ByteDance considering major changes in app's corporate structure amid ban threat from US: Reuters
New Delhi | Jagran Technology Desk: After losing business in some regions and threats from Trump administration to ban TikTok earlier this week, ByteDance is looking to make changes to the corporate structure of its short video app, Reuters quoted a company spokesperson as saying.
According to the report, TikTok is also in early stages of shifting its headquarters out of China. Options of creating a new management is also being discussed. The company’s five largest offices are in Los Angeles, New York, London, Dublin and Mumbai, it previously said.
TikTok has been seen to distance itself from Beijing after a U.S. national security panel’s inquiry into the safety of the personal data it handles. The company has recently lost business in key regions including India, following a border clash with China, and Hong Kong.
Even the Trump administration threatened to ban the video app earlier this week. Separately, TikTok released its transparency report on Thursday and said it removed more than 49 million videos from its platform in the second half of last year for violating its guidelines.
After India banned TikTok last week, US Secretary of State Mike Pompeo hinted at a possible ban for TikTok and other Chinese apps in America also.
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.
TikTok is available in over 150 markets around the world, in 39 languages. The TikTok app has been installed about 2 billion times globally. India accounted for 611 million of those downloads, the firm said.
ByteDance is strengthening its operations in newer arenas such as e-commerce and gaming. This year, it kicked off a wave of hiring and envisions hitting 40,000 new jobs in 2020.
Posted By: Tushar Kumar Laleria