TikTok suspends UK talks about opening global HQ in London: Report

TikTok needs a new global HQ for its business outside China after security experts flagged its data sharing practices

Beijing-based unicorn ByteDance, the parent company of short video-sharing app TikTok, has reportedly suspended talks about opening a global headquarters in London.

After months of negotiations with the UK's Department for International Trade and No 10 officials, ByteDance has halted the talks due to the "wider geopolitical context", according to a report in The Sunday Times, citing a source.

The news comes barely a week after the UK government announced a ban on the purchase of new Huawei kits for 5G from next year and said that the Chinese telecom giant's equipment will be completely removed from 5G networks by