Tiktok Back Again With Reliance Jio 2020 ! The report comes from TechCrunch, which suggests that ByteDance’s initial negotiations with Reliance Industries Ltd. are currently underway to support TikTok in India.
The report states that the two companies have been negotiating since the end of last month and a deal is yet to be reached. Sources have revealed that Ticketok’s business in India is more than $ 3 billion. Neither companies have commented yet.
Currently, ByteDance is struggling to retain its employees in India, including executives at the firm. The Chinese company has assured its employees that it is in talks with the Indian government to address Tickcock’s privacy and security concerns, and does not want to lay off people.
Tiktok Back Again With Reliance Jio 2020 ! Apart from Reliance, Microsoft is another contender, which is keen to acquire TikTok. TikTok and its parent company ByteDance received an executive order from the US government, banning any financial participation of the Chinese company to citizens.
The US is also urging ByteDance to sell the popular platform to an American company, and Microsoft has been one of the top contenders.