Array
ByteDance Ltd. is shifting to a bigger office at one of Hong Kong’s most prestigious locations, taking a major step to expand its presence in the financial hub after a year of cautious global expansion.
Most Read from Bloomberg
Katie Cotton, Guardian of the Apple Brand for 18 Years, Dies
Twitter Company ‘No Longer Exists,’ Is Now Part of Musk’s X
Elizabeth Holmes Will Have to Wait Out Her Appeal in Prison
Tumbling Money Supply Alarms Economists Who Foresaw Inflation
Rich Chinese Splashing Out on Luxury Have Yet to Invest Big in Singapore
The world’s most valuable tech startup has rented space in International Finance Centre in Central, a company spokesperson said. TikTok’s owner previously set up a temporary base in a Hong Kong co-working space to house dozens of employees in legal and finance.
ByteDance’s lease will cover 20,000 square feet, valued at HK$120 per square foot, the Hong Kong Economic Times reported, citing unidentified people in the market.
