News Flash: ByteDance: To Reset TikTok HQ at Ex-US Overseas Mkt

In a statement issued midnight, ByteDance disclosed a plan to reset TikTok headquarter at an overseas market outside the U.S. in order to better serve global users.

The Chinese tech company is seeking to move TikTok headquarter to London, which has been granted a green light from British officials, the Sun reported.

Source: AAStocks

While their plan to move from China to UK was meant to better serve global users, it is really to avoid the US-China tensions that is primarily hurting the Chinese companies. This might help to aid in the Microsoft acquisition with TikTok moving to a more neutral country but it won't be as fast as 15 September so likely Microsoft could squeeze a better deal out from this. 

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