The Chinese social media giant TikTok has broken off talks to open a global headquarters in Britain and create 3,000 jobs as a tit-for-tat economic war threatens to erupt between London and Beijing.
Its parent company, ByteDance, had been in negotiations with the Department for International Trade and No 10 officials for several months. However, it suspended talks because of the “wider geopolitical context”, a source confirmed.
TikTok, a video-sharing app wildly popular among teenagers, has 800 million users worldwide but critics have warned of security risks because of its links to the Chinese state. Donald Trump’s administration is considering a ban on TikTok; India imposed one last month.
The development came as fresh hostilities broke out over the decision last week to ban the
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2020-07-18 23:01:00Z
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