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After Establishing a Presence in Major Latin American Cities, TikTok to Invest in Physical Expansion in the US
- The Chinese company plans to increase its space in three major North American cities
By: SiiLA News
02/02/2024 International sources reveal that ByteDance, the company that owns TikTok, is planning a significant expansion in its offices in the United States. This new strategy will not only result in an increase in the company's occupied space but also imply a shift to the in-person work model.
The new venture will be in Silicon Valley, California, a location known for hosting a large concentration of technology companies. In addition, other locations are being considered, such as the Seattle metropolitan area in Washington and Nashville, Tennessee.
Sources indicate that the Chinese company may occupy the space formerly used by the technology giant Microsoft in Bellevue, an adjacent region of Seattle, totaling about 22,000 m² only in the state of Washington.
Currently, ByteDance maintain offices in Los Angeles, California, a WeWork space in Nashville, New York, San Francisco, and Austin.
Latin America
In Latin America, the company is accelerating its expansion. ByteDance opened an office in Bogotá, the capital of Colombia, in the Los Venados Building - Tower B, a Class A office tower from 1997. The company occupies 1,294 m² of the 24,000 m² distributed over 19 floors.
In Mexico, ByteDance occupies a coworking space at WeWork in Torre Reforma Latino, located in Mexico City.
In Brazil, the popular Chinese short-video app recently began occupying five floors in the Infinity Tower building in São Paulo. With 7,421 m², this lease, made in October, was one of the largest in the fourth quarter of 2023. Previously, the company occupied 1,926 m² at São Paulo Corporate Towers, and this change in location represented a 285% growth in physical spaces.
Around the globe
With more than 1 billion users worldwide, TikTok has offices on all continents, focusing on cities such as Los Angeles, New York, London, Paris, Berlin, Dubai, Mumbai, Singapore, Jakarta, Seoul, Tokyo, Miami, Mexico City, São Paulo, Bogotá, and Buenos Aires.
As of the time of this report, the company has not issued an official statement regarding its recent leases and expansion plans.
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