ByteDance is reportedly in talks with India's Reliance about a TikTok investment

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Indian conglomerate Reliance Industries is in talks with ByteDance about an investment in TikTok's India business, according to a report.

Reliance Industries is currently in "early discussions" with TikTok parent company ByteDance, which is headquartered in Beijing, about a potential deal for TikTok's business in India, according to the report.

Discussions between ByteDance and Reliance Industries reportedly began in July but a deal is yet to be reached. TikTok's business in India has a valuation of $3 billion, according to one of the sources cited by TechCrunch. It's unclear if Reliance would like to acquire the whole of TikTok's business in India or just part of it.by the Indian government along with 58 other Chinese apps on June 29 as geopolitical tensions between the two nations soared. It's possible that the Indian government would reinstate TikTok if it was owned by an Indian company, just like President Donald Trump has said TikTok could continue operating in the U.S. provided it is owned by a U.S.

 

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ByteDance in talks with India's Reliance for investment in TikTok: TechCrunchChina's ByteDance is in early talks with Reliance Industries Ltd for an investment in its video-based app TikTok's business in India, TechCrunch reported https://techcrunch.com/2020/08/12/bytedance-in-talks-with-indias-reliance-for-investment-in-tiktok on Thursday, citing sources. 全世界所有除美國這個流氓國家之外必須壹起行動起來“幹凈網絡”,徹底制裁美國這個流氓政府無賴政客的對全世界的無法無天的肆無忌憚的監控!民主價值觀和尊重人權在這個地球上最厚顏無恥的美國流氓無賴嘴裏說出來簡直是玷汙了人類! Don't worry India will not do that Time is running out......
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