ByteDance in talks with Reliance for investment in TikTok: Report

The government in June banned 59 Chinese apps, including TikTok and WeChat, for threatening its "sovereignty and integrity" after border tensions with China

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Reliance Industries | Mukesh Ambani | ByteDance

Reuters 

Mukesh Ambani
The two companies began conversations late last month and have not reached a deal yet, according to the report.

China's is in early talks with Ltd for investment in its video-based app TikTok's business in India, TechCrunch reported on Thursday, citing sources.

The Indian government in June banned 59 Chinese apps, including and WeChat, for threatening its "sovereignty and integrity" after border tensions with China.

Last week, US President Donald Trump unveiled bans on US transactions with the China-based owners of messaging app WeChat and TikTok, escalating tensions between the two countries.

Microsoft Corp has been in talks to acquire the US operations of the video-sharing app.

Social media platform Twitter Inc has also expressed interest in having a deal with TikTok, sources familiar with the matter told Reuters late last week.

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First Published: Thu, August 13 2020. 09:47 IST