Despite TikTok ban, ByteDance signs office space deal with WeWork

BENGALURU | MUMBAI: Beijing-headquartered ByteDance has signed a flexible office-space deal for 1,250 seats at WeWork Nesco in Mumbai, even as uncertainties continue on the Chinese company’s India operations following the ban on its TikTok and other apps.

According to the plan, the newly-leased property in the Goregaon suburb was to be used by ByteDance to consolidate and expand its operations in India, said three people directly aware of the deal.

“The deal closed on Monday and ByteDance is supposed to move from two other flexible properties to the Nesco property,” one of them said.

WeWork and ByteDance did not comment on the deal. The WeWork Nesco IT Park spans eight floors and 228,000 sq ft, with a total seating capacity of 3,400. “The deal has a 24-month lock-in period and is a customised space,” said a person.