TikTok halts talks on London HQ amid UK-China tensions
by Phillip Inman from Technology | The Guardian on (#55X6Z)
Video-sharing app suspends building plans, with British ban on Huawei 5G kit seen as factor
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.
Its 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.
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