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

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.

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