ByteDance in talks with RIL for investment in TikTok: Report

NEW DELHI: China’s ByteDance is in early talks with Reliance Industries Ltd for an funding in its video-based app TikTok’s trade in India, a tech web page reported mentioning assets.
The 2 firms started conversations past due remaining month and feature no longer reached a deal but, in step with the file.

Reliance, ByteDance and TikTok didn’t straight away reply to Reuters requests for remark.
The Indian executive in June banned 59 Chinese language apps, together with TikTok and WeChat, for threatening its “sovereignty and integrity” after border tensions with China.
Learn additionally: Tik Tok could have dialled RIL asking if it needs to tango
Closing week, US President Donald Trump unveiled bans on US transactions with the China-based house owners of messaging app WeChat and TikTok, escalating tensions between the 2 nations.
Microsoft Corp has been in talks to obtain the United States operations of the video-sharing app.

Social media platform Twitter Inc has additionally expressed pastime in having a maintain TikTok, assets aware of the topic instructed Reuters past due remaining week.
In Video:ByteDance in talks for investment from RIL in TikTok