Home
Apps
Apps News
TikTok Parent ByteDance in Early Talks With Reliance Industries to Invest in Video App: Report

TikTok Parent ByteDance in Early Talks With Reliance Industries to Invest in Video App: Report 5t5a6x

ByteDance and Reliance began conversations late last month and have not reached a deal yet, according to the TechCrunch report. 641z2x

By Reuters | Updated: 13 August 2020 09:57 IST

TikTok Parent ByteDance in Early Talks With Reliance Industries to Invest in Video App: Report

Microsoft has been in talks to acquire the US operations of TikTok 5q336d

Highlights

The two companies began conversations late last month
Reliance, ByteDance, and TikTok did not immediately comment
The Indian government in June banned 59 Chinese apps, including TikTok

ment

China's ByteDance is in early talks with Reliance Industries for an investment in its video-based app TikTok's business in India, TechCrunch reported on Thursday, citing sources.

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

Reliance, TikTok did not immediately respond to Reuters requests for comment.

TikTok Prepares rs for Possible App Ban

The Indian government in June 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.

Microsoft has been in talks to acquire the US operations of the video-sharing app.

TikTok, WeChat Bans Not Crucial to US Security: Experts

Social media platform expressed interest in having a deal with TikTok, sources familiar with the matter told Reuters late last week.

© Thomson Reuters 2020

Is Nord the iPhone SE of the OnePlus world? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts, Google Podcasts, or RSS, the episode, or just hit the play button below.

links may be automatically generated - see our ethics statement for details.

Comments

For the latest reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.