Latest news with #AdamPresser
Asharq Al-Awsat
10-06-2025
- Business
- Asharq Al-Awsat
TikTok Says to Increase Investment in Britain
TikTok plans to raise its investment in the UK, its biggest community in Europe, with the creation of 500 more jobs, the Chinese-owned social media giant announced Monday. The news coincided with the start of London's Tech Week, which sees British Prime Minister Keir Starmer welcoming some of sector's biggest firms. "TikTok's UK workforce will grow to 3,000 this year with the addition of more than 500 jobs," the company said in a statement. It added that it was investing in a new London office, set to open next year, and whose size will dwarf its current UK head office. It will take TikTok's investment in UK infrastructure to around £140 million ($190 million), the group said. Around half the UK population, more than 30 million people, use TikTok each month, making it the platform's "largest user-community in Europe", the statement added. "Whether through direct investment in jobs and innovation, or the wider economic contribution from millions of British businesses on TikTok, we're pleased to be increasing our investment and presence here in the UK," said Adam Presser, director of TikTok UK and global head of operations and trust and safety. TikTok has been in the crosshairs of Western governments for years over fears personal data could be used by China for espionage or propaganda purposes. "What underpins our continued growth is our deep commitment to safety and to creating an enjoyable and secure digital space to sustainably support creators, entrepreneurs and the wider economy, which is why we also invest significantly in safety," Presser added Monday.
Daily Tribune
10-06-2025
- Business
- Daily Tribune
TikTok says to increase investment in Britain
TDT | London TikTok plans to raise its investment in the UK, its biggest community in Europe, with the creation of 500 more jobs, the Chinese-owned social media giant announced yesterday. The news coincided with the start of London's Tech Week, which sees British Prime Minister Keir Starmer welcoming some of sector's biggest firms. "TikTok's UK workforce will grow to 3,000 this year with the addition of more than 500 jobs," the company said in a statement. It added that it was investing in a new London office, set to open next year, and whose size will dwarf its current UK head office. It will take TikTok's investment in UK infrastructure to around £140 million ($190 million), the group said. Around half the UK population, more than 30 million people, use TikTok each month, making it the platform's "largest user-community in Europe", the statement added. 'Whether through direct investment in jobs and innovation, or the wider economic contribution from millions of British businesses on TikTok, we're pleased to be increasing our investment and presence here in the UK,' said Adam Presser, director of TikTok UK and global head of operations and trust and safety
Japan Today
09-06-2025
- Business
- Japan Today
TikTok to increase investment in Britain
Around half the UK population, more than 30 million people, use TikTok each month TikTok plans to raise its investment in the UK, its biggest community in Europe, with the creation of 500 more jobs, the Chinese-owned social media giant announced Monday. The news coincided with the start of London's Tech Week, which sees British Prime Minister Keir Starmer welcoming some of sector's biggest firms. "TikTok's UK workforce will grow to 3,000 this year with the addition of more than 500 jobs," the company said in a statement. It added that it was investing in a new London office, set to open next year, and whose size will dwarf its current UK head office. It will take TikTok's investment in UK infrastructure to around £140 million ($190 million), the group said. Around half the UK population, more than 30 million people, use TikTok each month, making it the platform's "largest user-community in Europe", the statement added. "Whether through direct investment in jobs and innovation, or the wider economic contribution from millions of British businesses on TikTok, we're pleased to be increasing our investment and presence here in the UK," said Adam Presser, director of TikTok UK and global head of operations and trust and safety. TikTok has been in the crosshairs of Western governments for years over fears personal data could be used by China for espionage or propaganda purposes. "What underpins our continued growth is our deep commitment to safety and to creating an enjoyable and secure digital space to sustainably support creators, entrepreneurs and the wider economy, which is why we also invest significantly in safety," Presser added Monday. © 2025 AFP
The Independent
09-06-2025
- Business
- The Independent
TikTok to create over 500 new jobs in the UK
TikTok plans to create over 500 new jobs in the UK and open a second London office after reaching 30 million users in the country, making the UK its largest European user base. The expansion aims to increase TikTok's UK workforce to 3,000 employees this year, with a new 135,000-square-foot office in London's Barbican set to open in early 2025. Adam Presser, director of TikTok UK, emphasized the company's commitment to the UK market through job creation, innovation investment, and contributions from British businesses on the platform. The announcement follows scrutiny of social media usage among children, with the UK government considering measures to limit screen time, despite the recent passage of the Online Safety Act. TikTok is appealing a 530 million euro fine issued by the Irish data protection watchdog for violating EU privacy rules related to user data transfers to China and a lack of transparency.
Leader Live
09-06-2025
- Business
- Leader Live
TikTok creating more than 500 new British jobs as UK users top 30 million
The Chinese-owned social media firm said its UK workforce would expand to 3,000 this year as part of its 'deep commitment' to the UK. It will also open a new 135,000sq ft office in London's Barbican, which is set to open early next year. The group already has its UK headquarters in Farringdon, London, which were opened in 2022. TikTok unveiled the plans as it said it now has more than 30 million regular users in the UK each month, which makes the market is biggest user community in Europe. Adam Presser, director of TikTok UK and global head of operations and trust and safety, said: 'Whether through direct investment in jobs and innovation, or the wider economic contribution from millions of British businesses on TikTok, we're pleased to be increasing our investment and presence here in the UK, an important hub for TikTok.' But it comes after Cabinet minister Pete Kyle signalled he was looking at measures to restrict the amount of time children spend on their phones, including through a possible 10pm curfew. Mr Kyle was asked on Sunday morning whether he would look at limiting the time children spend on social media to two hours per app after the Sunday People and Mirror reported the measure was being considered by ministers. The Online Safety Act has passed into law, and from this year will require tech platforms to follow new Ofcom-issued codes of practice to keep users safe online, particularly children. Hefty fines and site blockages are among the penalties for those caught breaking the rules, but many critics have argued the approach gives tech firms too much scope to regulate themselves. TikTok's Mr Presser said that, as well as its UK expansion plans, the group also invests 'significantly' in safety. He said: 'What underpins our continued growth is our deep commitment to safety and to creating an enjoyable and secure digital space to sustainably support creators, entrepreneurs and the wider economy, which is why we also invest significantly in safety.' TikTok first launched its UK operations in 2018 and is financially incorporated in Britain. The group was fined 530 million euro (£446 million) by the Irish data protection watchdog last month for breaching EU privacy rules around transferring user data to China. The video-sharing app was also sanctioned for not being transparent with users about where personal data was being sent and ordered the platform to comply with data protection rules within six months. TikTok said it would appeal against the decision. The social media giant, which is owned by China-based ByteDance, has been under scrutiny from regulators around the world over how it handles personal data, and is also facing a ban in the United States over its China links, which the US government has said is a national security issue.
