ByteDance wants to make changes to the corporate structure of its short video app TikTok, a company spokesman said on Thursday.
According to a source familiar with management thinking, TikTok is also in the early stages of establishing its headquarters. The company's five largest offices are in Los Angeles, New York, London, Dublin and Mumbai.
According to Reuters, TikTok has distanced itself from Beijing after an investigation by a U.S. national security committee into the security of its personal data.
The company recently lost its business in key regions such as India after a border conflict with China and Hong Kong. Even the Trump administration threatened to ban the video app earlier this week.
Regardless, TikTok released its transparency report on Thursday, saying it removed more than 49 million videos from its platform in the second half of last year because it violated its policies.
(Reporting by Akanksha Rana in Bengaluru and Echo Wang in New York; editing by Krishna Chandra Eluri)
(This story was not edited by NDTV staff and is generated automatically from a syndicated feed.)