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Tuesday, 1 September 2020

Will Tiktok re-enter India?

Will Tiktok re-enter India? Reliance may buy Tiktok

India banned 59 Chinese apps in June, including the short video app Tiktok, followed by 15 other Chinese apps in late July.


India's richest businessman Mukesh Ambani is considering investing in TikTok. It has been claimed in a media report. According to reports, the conversation is still in its infancy, and Reliance Group is still exploring investment opportunities in the short video-based app.

Importantly, India banned 59 Chinese apps in June, including the short video app Tiktok, followed by 15 other Chinese apps in late July. Following the ban in India, there was also a demand in the US to ban Tiktok. The United States has demanded that Tiktok sever ties with China. Meanwhile, there are rumors that Tiktok's business in India could be bought by Reliance Industries.


Will Tiktok re-enter India? Reliance may buy Tiktok
Will Tiktok re-enter India? Reliance may buy Tiktok
[ Image Source] Zee 24 Kalak 

Significantly, Tiktok, a company owned by ByteDance, has been hit hard by the ban in India. But so far no official information has come out from Reliance and ByteDance regarding the investment.

In the last few days, 59 Chinese applications were banned in India after the martyrdom of 20 Indians in the Galway Valley. India called for a ban, citing sovereignty, security, and privacy. Significantly, Tiktok has been accused of sharing user data with the Chinese government.

Apart from TickTock, many apps including UC Browser, Cam Scanner, Share It, Hello, Like were banned. Baidu Match, KY, DU Battery Scanner are also banned. Importantly, the government has banned these Chinese apps under the IT Act 2000.

Important Link 


Read Full reaport In Gujarati 

It is currently being speculated that Bitdance may succeed in selling Tiktok to the Indian market through Reliance. This could also be a bargain for Reliance. This is because the Tiktok app was very popular in India. The Indian user could not get the option after it was banned. Because of this, if Tiktok resumes, it will get a tremendous response.

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