Bytedance Reportedly In Talks With Reliance For Investment In Tiktok

TikTok has been banned from India for violation of privacy issues. To save its future in India which TikTok looking for investment from the Reliance. TikTok’s Bytedance is in initial talks with the big player in India which is Reliance. Reliance head Mukesh Ambani who recently became the 4th richest person in the world.

Almost every big firm invested in the Reliance as of now. Now if the Reliance invests in TikTok shares, TikTok may come live again in India. In USA trump announced the ban on the TikTok, there are rumors Microsoft is going to buy the USA operations.

Check This One: TikTOK Ban in the USA, Microsft in Talks for making the investment

According to the sources, both Reliance and Tiktok started talks last month. But still, there is no confirmation regarding the same. Lots of sources like Reuters requested comments on this news from Reliance and Bytedance. But there is no further information. Also, the publications said,

ByteDance is engaging in early discussions with Reliance Industries Limited, the parent firm of telecom giant Jio Platforms, for financially backing TikTok’s business in India in a move to potentially save the popular video app’s fate in its biggest market by users.

Source

There is no denying that TikTok lost a huge userbase after the ban. India government banned 59 Chinese apps. Before the ban TikTok had over 200 million users in India. Another blow was given by the USA, after thr President Trump announcemnet of banning the TikTok, We Chat apps. These apps are reportadly selling the data to the Chinese government.

The Chinese government has its own policy for their apps. They share the data with the government and that’s proven from lots of incidents. If Reliance invests in its shares its data centers are surely gonna shift from China to other locations. This can make the return of TikTok in India. But there are lots of issues like Indians are in favor of banning Chinese apps. If Reliance buys it, Reliance may face huge backlash.

One thing is for sure, looking at the current scenarios. The App may come back by some foreign investments soon. Stay tuned for more updates. Get instant updates and news, Don’t forget to join our telegram group for more wallpapers, Themes, Ringtones Update – https://getdev.me/telegramdev.