Of the two venues, the company prefers Hong Kong, it says
ByteDance was valued at as much as $140 billion earlier this year when one of its shareholders
TikTok needs a new global HQ for its business outside China after security experts flagged its data sharing practices
After India banned 59 Chinese apps last month, at least three more China-based video apps - Snack Video, Likee Lite, and Zili - have now made it to the list of top 10 downloaded apps in India
The lockdown has also added to the traction that video and audio apps such as Chingari, Roposo, Khabri and Trell are seeing as people are looking at options to earn incentives from home
There are reports that TikTok is going to pull out of the holding company, which is China, and operate as an independent American company, White House Economic Advisor Larry Kudlow told reporters
The move to ban TikTok in the US has suddenly gained momentum after India's decision in this regard last month
The 59 banned apps, which include TikTok and Alibaba's UC Browser, were asked whether they acted at the behest of any foreign government to edit, promote or demote any content
The initial internal email, which was disseminated widely online, told employees to delete TikTok, a video app increasingly popular with young people
The Trump administration's move on Thursday marked an escalation in the increasingly tense rivalry between the world's two biggest economies
"Due to security risk, the TikTok app is no longer permitted on mobile devices that access Amazon email," the company said
TikTok removed over 49 million videos for content violations between July and December last year
TikTok has also said previously that it would not comply with any requests made by the Chinese government to censor content or for access to TikTok's user data
Initially, few apps voluntarily delisted themselves in accordance with the government's order but now Google and Apple have blocked access to all other apps too
The Indian authorities feared that these apps were transferring consumer data to locations outside the country, especially China, in an unauthorised and surreptitious manner.
The order came after the government this week banned several Chinese apps including ByteDance's TikTok, Alibaba's UC News and Tencent's WeChat citing "threat to sovereignty and integrity.
The video-sharing app is no stranger to controversy, and experts say that the ban is more likely a negotiation tactic between governments and it may do well to just wait and watch
India has a responsibility to uphold the rights of Chinese businesses, said Chinese foreign ministry
Chinese short-video making app TikTok has announced it will no longer automatically access user clipboards on Apple iPhones after iOS 14 in Beta exposed the app's constant reading of user clipboards
Apart from the boycott campaign, Indian intelligence agencies have red-flagged usage of over 50 China-linked apps as being a threat to national security.