Changes to TikTok’s corporate structure being evaluated by parent ByteDance

ByteDance is seeking to make changes to the corporate structure of its short video app TikTok, a company spokesperson said Thursday.

TikTok is also in its early stages of establishing its headquarters, according to a source close to the management’s thinking. The company’s five largest offices are in Los Angeles, New York, London, Dublin and Mumbai, he previously said.

TikTok has been seen distancing itself from Beijing after a US national security committee investigated the security of personal data it handles, Reuters first reported last year.

The company 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.

© Thomson Reuters 2020

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