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ByteDance planning with Reliance Industries to invest in the India operations of TikTok: report

ByteDance planning with Reliance Industries to invest in the India operations of its short video platform. According to the TechCrunch report, China’s ByteDance and Reliance started up conversations late last month and still have not finalized the deal.

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In June, The government of India banned 59 Chinese Apps in India including very popular Apps like Tiktok, UC browser, Share it, Helo, UC News, and more. These apps were leaked the user’s data which was against the privacy policy and guidelines mentioned by the Ministry of Information Technology.

At the end of July, the Indian government banned more 47 Apps that were working as clones of banned Apps and examines a list of over 250 apps. Recently, Mi Browser and Baidu also join the list of Chinese Apps that were banned in India.

Trump will prohibit transactions with ByteDance

US President Donald Trump revealed bans on US transactions with the China-based owners of messaging app WeChat and TikTok last week. According to reports, Trump also has given Microsoft 45 days to complete all of the purchase of TikTok’s US operations.

Apart from Microsoft, Twitter also gets in touch with the TikTok’s Chinese owner ByteDance to express interest in acquiring the US operations of the video-sharing app.

However, Reliance and ByteDance did not want to instantly comment on this deal. What are your thoughts about this deal, is it the right decision by Reliance to make an investment in Tiktok or not? Let me know your views in the comment section.

Source: Gadget360

ByteDance planning with Reliance Industries to invest in the India operations of TikTok: report
Mayank Gupta
Mayank Gupta is a senior reporter for Naxon Tech. He covers most of the smartphones, wearables, apps, social media, and the overall tech industry reports. In his spare time, he loves to play cricket and watching movies.
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