China’s ByteDance is in early talks with Reliance Industries for an funding in its video-based app TikTok’s enterprise in India, TechCrunch reported on Thursday, citing sources.
The 2 corporations started conversations late final month and haven’t reached a deal but, based on the report.
Reliance, ByteDance, and TikTok didn’t instantly reply to Reuters requests for remark.
The Indian authorities in June banned 59 Chinese language apps, together with TikTok and WeChat, for threatening its “sovereignty and integrity” after border tensions with China.
Final week, US President Donald Trump unveiled bans on US transactions with the China-based homeowners of messaging app WeChat and TikTok, escalating tensions between the 2 nations.
Microsoft has been in talks to amass the US operations of the video-sharing app.
Social media platform Twitter has additionally expressed curiosity in having a take care of TikTok, sources acquainted with the matter advised Reuters late final week.
