As per reports, parent company of TikTok- ByteDance is planning to sell its Indian business and has approached Mukesh Ambani-owned RIL.
Mumbai| TikTok, the short-video app that became an instant hit in India with millions of user is desperate to make a comeback in the market. The app was banned along with several other Chinese-owned apps by the Government of India citing security and data privacy issue. Since then it has been struggling to relaunch the app in its second-largest market.
The company seems to repeat its American formula in India as well. As per reports, TikTok’s parent company ByteDance is planning to sell its Indian business. The company has approached Mukesh Ambani-owned Reliance Industries Limited (RIL) to sell its Indian arm. Negotiations in this regard began between the two companies in late July. However, the two companies have not reached any deal yet. Reliance and ByteDance are yet to issue an official statement on this.
India has banned 106 Chinese apps
Last week, the US approved a ban on TikTok
Microsoft-Twitter Eye For TikTok’s America Business
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