With India shutting its door to TikTok, its Chinese owner Bytedance has now found a new Asian home.
The Beijing-headquartered company is downsizing its workforce in India and ramping up recruitment in Singapore, according to analytics company GlobalData. “Bytedance plans to make Singapore its epicenter for the rest of Asia-Pacific in its quest to find a neutral ground amid the ongoing trade tensions between the US and China in the wake of potential national security risks,” Ajay Thalluri, business fundamentals analyst at GlobalData said.
About 25% of the total job postings by Bytedance since August 2020 are in Singapore, as per GlobalData’s analysis. Some of these roles are in areas such as product and data management, e-commerce, and cloud security.
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