Home Business After India bans TikTok, Parent Company ByteDance ready to leave China

After India bans TikTok, Parent Company ByteDance ready to leave China

Earlier India banned TikTok with other 59 chinese apps. America is also considering to ban TikTok. To save the business, video sharing app’s parent company ByteDance is shifting its headquarters out of China.

The Company is considering corporate restructuring including shifting the headquarters out of China of the short video-sharing app.

This move comes after rising anti-chinese sentiments in India and across the world.

The App with other chinese apps is belived to share personnel data of users to chinese communist party. There is a long history of china spying using its devices and softwares all across the world.

“ByteDance is evaluating changes to the company structure of its TikTok business,” the corporate told the paper, adding that it had been considering “the best path forward.”

India banned multiple Chinese apps as border tensions escalated and calls to boycott Chinese products grew louder within the country. Indian and Chinese troops clashed in Galwan Valley, Ladakh near the road of Actual Control (LAC) in June. The scuffle killed 20 Indian army personnel.

The corporate restructuring is claimed to be under discussion by senior executives and includes proposals like a replacement headquarters for the app outside China and therefore the formation of a replacement management board.

“We remain fully committed to protecting our users’ privacy and security as we build a platform that inspires creativity and brings joy for many many people round the world. we’ll move forward within the best interest of users, employees, artists, creators, partners, and policymakers,”

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