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As Trump stays firm on TikTok ban deadline, ByteDance eyes Singapore

ByteDance has also stepped up the purchase of servers in global trade and transport hub Singapore to back up US data as a contingency

Topics
ByteDance | TikTok | Donald Trump

Agencies 

Donald Trump
The Chinese firm is being forced by American President Donald Trump to sell TikTok’s US assets to avoid a ban there

owner Byte-Dance plans to invest billions of dollars and recruit hundreds of employees in Singapore after opting to base its Southeast Asia regional headquarters there, said a person in the know.

has also stepped up the purchase of servers in global trade and transport hub Singapore to back up US data as a contingency, the source said, adding that it began the three-year plan in 2019.

The Chinese firm is being forced by American President to sell TikTok’s US assets to avoid a ban there. Trump on Thursday night stressed that he won’t extend his September 15 deadline for to sell the US operations of the popular video-sharing app.

“We’ll either close up in this country for security reasons, or it will be sold,” Trump told reporters before leaving for a campaign trip to Michigan. “There will be no extension of the deadline.”

The Trump administration has cited a potential national security risk due to the vast amount of private data which the app is compiling on US consumers.

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First Published: Sat, September 12 2020. 02:47 IST
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