TikTok owners will relocate to London from Beijing

ByteDance’s founders are to announce their intention to set up shop in London soon, the newspaper said, adding that the move was likely to upset U.S. President Donald Trump who has considered banning TikTok in the United States.

It was not immediately possible to reach TikTok for comment.

Microsoft Corp said on Sunday that it would continue discussions to acquire popular short-video app TikTok from Chinese internet giant ByteDance, and that it was aiming to conclude the negotiations by Sept. 15.