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ByteDance in talks with India’s Reliance for investment in TikTok

Arhama AltafWeb Editor

13th Aug, 2020. 01:41 pm
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ByteDance investment in Indian reliance

TikTok’s parent company, ByteDance is in talks with India’s Reliance for investment in the short-video sharing app, reports said on Thursday.

According to the report, The two companies began conversations late last month and have not reached a deal yet.

Reliance, ByteDance and TikTok did not immediately respond over this matter.

The Indian government in June banned 59 Chinese apps, including TikTok and WeChat, for threatening its “sovereignty and integrity” after border tensions with China.

Last week, US President Donald Trump unveiled bans on US transactions with the China-based owners of messaging app WeChat and TikTok, escalating tensions between the two countries.

Microsoft has been in talks to acquire the US operations of the video-sharing app.

Social media platform Twitter has also expressed interest in having a deal with TikTok, sources said.

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