ByteDance in talks with India’s Reliance for investment in TikTok, reports TechCrunch | Malay Mail

Thursday, 13 Aug 2020 11:58 AM MYT

The Indian government in June banned 59 Chinese apps, including TikTok and WeChat, for threatening its “sovereignty and integrity” after border tensions with China. — AFP pic SAN FRANCISCO, Aug 13 — China’s ByteDance is in early talks with Reliance Industries Ltd for an investment in its video-based app TikTok’s business in India,The two companies began conversations late last month and have not reached a deal yet, according to the report.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.Social media platform Twitter Inc has also expressed interest in having a deal with TikTok, sources familiar with the matter told Reuters late last week. — Reuters

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

India's Reliance in early talks for investment in Bytedance's TikTokThe two companies began conversations late last month and have not reached a deal yet. FMTNews
Source: fmtoday - 🏆 5. / 72 Read more »

More cash, less buzz for 2020 investment bank interns | Malay MailLONDON, Aug 11 — Buzzing trading floors, classrooms and networking drinks have been replaced by online projects, “hackathons” and fitness sessions for the class of 2020 investment banking interns. Goldman Sachs, Morgan Stanley, Barclays, JP Morgan, UBS, RBC and Citi have all held internships...
Source: malaymail - 🏆 1. / 86 Read more »