trending
  • #OnePlus 8
  • #Redmi K30
  • #Note 20
  • #Realme X3
  • #Galaxy S10
  • #iOS 14
  • #OxygenOS 11
  • #MIUI 12
gizdev-logo
  • NEWS
  • DEALS
  • TECH
  • HOW TO
  • DOWNLOADS
    • Stock Wallpapers
    • Stock Ringtones
    • THEMES
  • ANDROID
    • Rooting
    • TWRP Recovery
    • Unlock Bootloader
    • Custom Roms
    • Google Camera
  • UPDATES
    • OTA
    • Firmwares
No Result
View All Result
gizdev-logo
No Result
View All Result
Home News

Bytedance Reportedly In Talks With Reliance For Investment In Tiktok

by Abhishek
August 13, 2020
in News

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.

Bytedance Reportedly In Talks With Reliance For Investment In Tiktok

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.

TikTok's parent organization ByteDance is reportedly in talks with the Reliance for investments.

If that happens, TikTok may come back again in India. Whereas in the USA, Microsoft is expected to invest in TikTok US operations.#ByteDance #tiktokbanned

— GizDev.Com (@gizdevdotcom) August 13, 2020

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.

Tags: newsTikTok
Previous Post

Download Tecno Spark 5 Air Wallpapers FHD Resolution

Next Post

Get the Marvels Avengers Closed BETA key For Free, 14th August

Abhishek

Abhishek

A Mechanical Engineer, blogger, content writer, and digital marketer. A hardcore tech enthusiast. Loves to try out the new tech especially in the Android world. Apart from content writing, he loves gaming and traveling. Shoot a mail, top write your content.

Related Posts

US Blacklists Xiaomi and 9 Other Chinese Companies,

US Blacklists Xiaomi and 9 Other Chinese Companies,

Samsung Exynos Chipset With AMD RDNA GPU Coming In Next Exynos Flagship

Samsung Exynos Chipset With AMD RDNA GPU Coming In Next Exynos Flagship

Telegram Reaches 500 Million Users, CEO Durov Explains His Plans

Telegram Reaches 500 Million Users, CEO Durov Explains His Plans

Signal App Registration Crashed After Elong Musks Tweet For Signal

Signal App Registration Crashed After Elon Musks Tweet For Signal

Leave Comment

DOWNLOADS

LATEST

Telegram Reaches 500 Million Users, CEO Durov Explains His Plans

Telegram Reaches 500 Million Users, CEO Durov Explains His Plans

Signal App Registration Crashed After Elong Musks Tweet For Signal

Signal App Registration Crashed After Elon Musks Tweet For Signal

OnePlus Partners with LEICA, OnePlus 9 Camera Could be Improved

OnePlus Partners with LEICA, OnePlus 9 Camera Could be Improved

Google Camera 7.3 for Poco F2 Pro

Download Google Camera 7.3 for Poco F2 Pro [GCam]

The Gizdev is a tech blog about the latest Android devices news, leaks and exclusive deals
In addition to this, Gizdev have the stock wallpapers, how to root guides & some of the awesome cool themes

CONTACT INFORMATION

ABOUT US

CONTACT US

PRIVACY POLICY

EDITORIAL POLICY

CONNECT WITH US

© 2020 GizDev. Made with ❤️ in India

No Result
View All Result
  • NEWS
  • DEALS
  • APPS
  • THEMES
  • WALLPAPERS
  • STOCK RINGTONES
  • GOOGLE CAMERA

© 2020 GizDev. Made with ❤️ in India