Video-sharing app suspends plans for expansion in the wake of diplomatic rows between both countries
The Chinese social media firm TikTok has pulled back from talks to site the headquarters for its non-China business in the UK, threatening the creation of 3,000 jobs, as fears grow of a tit-for-tat trade war between London and Beijing.
Parent company, ByteDance, which is based in Beijing, had spent months in negotiations with the Department for International Trade and No 10 officials to expand operations in addition to the near 800 employed by TikTok.
Continue reading…Video-sharing app suspends plans for expansion in the wake of diplomatic rows between both countriesThe Chinese social media firm TikTok has pulled back from talks to site the headquarters for its non-China business in the UK, threatening the creation of 3,000 jobs, as fears grow of a tit-for-tat trade war between London and Beijing.Parent company, ByteDance, which is based in Beijing, had spent months in negotiations with the Department for International Trade and No 10 officials to expand operations in addition to the near 800 employed by TikTok. Continue reading…