Just In
- 2 hrs ago
- 2 hrs ago
- 2 hrs ago
- 3 hrs ago
Don't Miss
- Movies
Bigg Boss 16: Tina Datta Fan Gets Permanent Tattoo Of Her Name On Hand Ahead Of Finale. PIC Goes Viral
- Sports
India vs New Zealand 1st T20I: MS Dhoni watches game with family in Ranchi, fans chant 'Dhoni-Dhoni'
- News
Prepared to beat any kind of emerging challenges: Lt Gen Kalita amid a report claiming more clashes in border
- Lifestyle
What Are Smart Beds? Can It Improve Your Sleep? Price And Other Details
- Finance
National Saving Certificate- How to Open a NSC Account Online and Offline?
- Travel
Tata, Infosys Showing Interest In Monument Mitra Scheme, Know What It Is
- Automobiles
2023 BMW X1 & iX1 India Launch Tomorrow – Here’s Everything You Should Know
- Education
Professional Students' Summit-2023 to be held in Kerala
Reliance Jio In Talks To Buy TikTok India: Is It A Good Move?
TikTok has been under the radar for a while now. Following the ban in India, the US government has passed a similar move, giving the ByteDance-owned company 45 days to change ownership. There were talks about Microsoft acquiring TikTok, at least the operations in the US. It looks like Reliance Jio is making a similar move, to acquire TikTok India.

Reliance Buying TikTok India
The report comes from TechCrunch, which suggests that ByteDance is currently in early talks with Reliance Industries Limited for backing TikTok in India. The report suggests that the two companies have been in talks since late last month and a deal is yet to be made. Sources have revealed that TikTok's business in India is valued at more than $3 billion. Neither of the companies has commented yet.
Presently, ByteDance has been struggling to retain its employees in India, including the executives at the firm. The Chinese company has assured its employees that it's in talks with the Indian government to address the concerns regarding privacy and security of TikTok, and it doesn't wish to layoff people.
Apart from Reliance, Microsoft is another contender, interested to acquire TikTok. TikTok and its parent company ByteDance have received an executive order from the US government, banning citizens to have any financial interaction with the Chinese company. The US too has been urging ByteDance to sell the popular platform to an American company, and Microsoft has been one of the top contenders.
Is It A Good Move?
India was TikTok's largest market outside China. Following the ban on the popular short video app, a lot of Indian alternative apps emerged. These include apps like Roposo, Moj, Josh, Mitron, and more. If TikTok comes back, these apps might lose its new users.
The new move by Reliance Jio doesn't come as much of a surprise. The company recently received a lot of investment from many global firms, including Facebook and Google. The acquisition of the TikTok India business could certainly help Reliance, which has been struggling with its consumer apps.
The Reliance Jio platform indeed has more than 400 million users in India, however, its apps have struggled to win users. With TikTok in hand, Reliance can further push its consumer engagement and communication.
-
1,39,900
-
89,900
-
61,999
-
62,999
-
84,999
-
82,999
-
59,400
-
1,09,999
-
59,999
-
79,999
-
65,900
-
13,999
-
6,499
-
13,499
-
11,999
-
1,29,900
-
17,990
-
17,999
-
7,332
-
13,999
-
8,876
-
8,990
-
4,570
-
21,999
-
20,450
-
81,000
-
9,999
-
28,252
-
39,654
-
13,196