• Chethan Machaknur

ByteDance in talks with Reliance for investment in TikTok


ByteDance  is in talks with Reliance  Industries Limited, 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.


The two companies began conversations late last month and have yet to reach a deal, the sources said, TikTok’s  business in India, where it had amassed over 200 million users before it was banned in late June, is being valued at more than $3 billion, one of the sources said.

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