ByteDance Moves Into Iconic Hong Kong Tower as Banks Depart

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.

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.

The International Finance Centre in Hong Kong.

Photographer: Chan Long Hei/Bloomberg

ByteDance’s lease will cover 20,000 square feet, valued at HK$120 per square foot, the Hong Kong Economic Times reported, citing unidentified ...