Search This Website

Friday, 4 September 2020

O..ho .. TikTok may re-enter India, these companies are preparing to buy

Hello friends, I have brought fun news and this news is given in the area below. If you want to read this news in Gujarati, below is the link.
 O..ho .. TikTok may re-enter India, these companies are preparing to buy

TikTok may make a comeback in India. Japanese company Softbank is preparing to buy TikTok's Indian assets. According to sources, it is therefore preparing to buy Indian assets from Japanese company Softbank. According to sources, it is also looking for an Indian partner and is in talks with Reliance Jio and Bharti Airtel.

Also read North East Frontier Railway Recruitment for 4499 Trade Apprentice Posts 2020

The ban was imposed in July

In July, the Indian government banned 58 Chinese apps, including TikTok, citing national security and privacy concerns. It was suspected that the company was sharing user data with the Chinese government. TikTok is also banned in the US and many tech companies are trying to buy its business there as well.

Also read  ONGC Recruitment 2020 

Conversations are going on in these companies
TikTok's Chinese parent company Bitdance is already partnered with the Japanese group Softbank. According to Bloomberg, it has launched efforts to buy TikTok's Indian business and is also in talks to partner with Reliance Jio Infocomm and Bharti Airtel. However, Geo and Airtel declined to comment. Softbank is looking for another option.

In August, before Japanese company Softbank invested in a number of startups in India such as Ola Cabs, Snapdeal, Oyo Rooms, there was talk that TikTok's Bharti. Reliance can buy the business.

Also read Staff Selection commission Recruitment 2020

TikTok is very popular in India
At the time of the ban, about 30 percent of TikTok users were Indians and about 10 percent of its revenue came from India. As of April 2020, 2 billion TikToks have been downloaded from the Google Play Store and the Apple App Store. 


According to the mobile intelligence firm Sensor Tower, TikTok's downloads in India were even higher than in China. TikTok has only 19.66 million downloads in China, which is only 9.7 percent of its total downloads.

You will find breaking news of the country with this news here in this website and you will also find other information here.

No comments: