TikTok has shelved plans for a European HQ in London as tensions with Beijing threaten to escalate into an economic war - Creak News

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TikTok has shelved plans for a European HQ in London as tensions with Beijing threaten to escalate into an economic war

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  • The Chinese social media platform TikTok has reportedly shelved plans to open a European headquarters in London,  according to the Sunday Times.
  • TikTok, the wildly popular viral video app, had been in talks with the British government to follow the likes of Apple and Amazon by opening a new office in the UK.
  • But the plans are reportedly in doubt because of escalating political tensions between Beijing and London, after Boris Johnson said he would ban Chinese tech giant Huawei from Britain's 5G network.
  • It comes as hostilities between London and Beijing threaten to escalate into a punishing economic war.
  • Visit Business Insider's homepage for more stories.

The Chinese social media platform TikTok has reportedly shelved plans to open a European headquarters in London, as hostilities between London and Beijing threaten to escalate into a punishing economic war.

TikTok, a viral video app with 800 million global users, had been in talks with the British government to open a new office in the UK, which would have employed 3,000 people, according to the Sunday Times.

See the rest of the story at Business Insider

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