ByteDance 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 told Reuters on Friday, adding that it began the three-year plan in 2019. The Chinese firm is being forced by President Donald Trump to sell TikTok's US assets to avoid a ban in United States. ByteDance decided last year to locate its regional headquarters in Singapore, which in recent years has ramped up efforts to attract tech firms and investors, the source said. PayPal, Siemens, Twitter and Zoom had said that they were investing in Singapore this year, Kumar added. However, the source told Reuters that ByteDance has yet to make a decision about such a move, while another source said TikTok had this year moved some engineers there from China.

Source: Dhaka Tribune September 11, 2020 15:11 UTC