Sources Bytedance Reliance Tiktok India India

Techcrunch the two companies began conversations late last month and have not reached a deal yet according to the report.

Sources bytedance reliance tiktok india india. Bytedance in talks with indias reliance for investment in tiktok. Reliance industries is reportedly in talks with bytedance the parent company of tiktok to acquire tiktoks business in india. Reliance and bytedance began conversations late last month and have yet to reach a deal the sources said requesting anonymity as the talks are private. No official word has been given from the two companies.

Unfortunately both bytedance and reliance have declined from commenting on the. According to a report by techcrunch reliance industries ril and bytedance began conversations late last month and are yet to reach a deal. Indias most valuable company reliance industries limited ril is reportedly the latest bidder for the bytedance owned tiktok in india. Reuters chinas bytedance is in early talks with reliance industries ltd relins for an investment in its video based app tiktoks business in india techcrunch reported here on thursday.

Caught in the crossfire between india and china chinese tech giant bytedance has approached mukesh ambani for exploring the possibility of investing in tiktoks india operations its biggest market by users. Bytedance in talks with indias reliance for investment in tiktok. Chinese tech company bytedance is in talks with reliance industries limited to back tiktoks business in india sources familiar with the matter told techcrunch. By express news service bengaluru.

Bytedance the owner of tiktok is building its business in many markets around the world where tiktok has been expanding and gaining a lot of traction such as india and the us. The report states that the two companies began conversations late last month but are yet to reach a deal. Tiktoks business in india is reportedly valued at 3 billion. The development comes weeks after the indian government banned tiktok with 58 other chinese apps.

Chinese tech giant and tiktok parent company bytedance is reportedly in early talks with reliance industries limited ril about an investment in the india operations of its short form video app reports techcrunch citing sources.