TikTok mulls changes to business to distance itself from China

Bytedance Ltd. said it’s evaluating changes to the corporate structure of its TikTok business as U.S. concerns grow over the parent company’s Chinese origins.

Executives are discussing options such as creating a new management board for TikTok and establishing a separate headquarters for the app outside of China to distance its operations from Beijing, according to a person familiar with the discussions.

Short-video and music app TikTok currently doesn’t have its own headquarters separate from Bytedance, which was founded in China and is incorporated in the Cayman Islands. TikTok is considering a number of locations for a global base, the person familiar with the plans said, asking not to be named discussing information that’s not public. Its five largest offices are in Los Angeles, New York, London, Dublin and Singapore.