• About Us
  • Submit Your Story or Interview
  • Advertise with US
  • Career
  • Contact Us
  • Write For us
startup insider
  • Home
  • News & Updates
  • Startup Stories
  • Interviews
  • Press Release
  • Blog
  • Submit Your Story or Interview
No Result
View All Result
  • Home
  • News & Updates
  • Startup Stories
  • Interviews
  • Press Release
  • Blog
  • Submit Your Story or Interview
No Result
View All Result
startup insider
No Result
View All Result
Home News & Updates

Reliance likely to acquire TikTok in India

Harsh Verma by Harsh Verma
in News & Updates
0
Reliance
Share on FacebookShare on Twitter

Mukesh Ambani led Reliance Industries is viewing to purchase the TikTok’s Indian unit. According to 6 sources close to the matter, Reliance is currently assessing the profit and loss from investing in TikTok. The report said that negotiations are going on between TikTok’s parent company ByteDance and Mukesh Ambani-owned Reliance Industries Limited (RIL). However, both companies have not reached any deal yet. Reliance and TikTok have not yet responded to the case.

Reliance

TikTok CEO Kevin Mayer got reported to have met top Reliance executives. In this meeting, there has been talking about TikTok’s Indian business, although Reliance Industries has not yet released any official statement. The news of Reliance considering an investment has come when the US companies like Microsoft and Twitter is considering buying the global operations of TikTok.

Notably, India banned 59 Chinese apps in June, including the short video social media app Tiktok. Then another 15 Chinese apps were banned in late July. After the ban in India, there was a demand to ban Tiktok in the US because of security concerns. At the time of the ban, 30 percent of Tiktok users were Indians, and about 10 percent of its earnings were from India. Until April 2020, 2 billion downloads of TikTok got downloaded from Google Play Store and Apple App Store. Of these, about 30.3 percent or 61.1 crore downloads were from India.

Read More: Patanjali considers bidding for IPL title sponsorship as Vivo backs out

tiktok

Mukesh Ambani-led Reliance Industries has got included in the top 100 companies in the ‘Fortune Global 500’ list, and acquiring TikTok would be a significant deal. RIL Chairman Mukesh Ambani has wholly transformed the existing Petrochemicals business into a big digital company. A Reliance spokesperson said that the company has always given the necessary information under SEBI rules and an agreement with the stock exchange and will report if any deal occurs. Reliance today is capable of meeting the needs of every customer today. Today, the company is involved in several sectors, including energy, petrochemicals, textiles, natural resources, retail, and telecommunications.

 

Tags: play storereliancetiktok
ShareTweetShare
Previous Post

Patanjali considers bidding for IPL title sponsorship as Vivo backs out

Next Post

Amazon Launches Online Pharmacy In India

Harsh Verma

Harsh Verma

Related Posts

Deepika Padukone
News & Updates

Deepika Padukone Becomes First Indian Face to be House Ambassador for Louis Vuitton

May 12, 2022
Shopflo
Funding News

Shopflo, a SaaS startup for D2C brands, raises $2.6M in a Seed round

May 12, 2022
Vishakha Mulye
News & Updates

Aditya Birla Capital Appoints Vishakha Mulye As CEO

April 24, 2022
STARTUP Benefits In INDIA
News & Updates

STARTUP Benefits In INDIA

April 19, 2022
IPL 2022
News & Updates

BCCI Buys Insurance Cover Of ₹5,000 Crore For IPL 2022, The Largest For Any Sporting Event In India

April 14, 2022
Tata Neu
News & Updates

Tata’s all-in-one super-app ‘Tata Neu’ is live for all users

April 8, 2022
Next Post
Amazon

Amazon Launches Online Pharmacy In India

Reliance

Reliance Industries May Now Purchase Urban Ladder, Milk-basket

Apple

Apple Becomes First U.S. Company Worth More Than $2 Trillion

Subscribe For More Update

ADVERTISEMENT
  • banksathi

    Despite Covid-19 challenges, Banksathi founders committed to their Craft

    1 shares
    Share 0 Tweet 0
  • Unique Hobbies Based Startup HOBBYHUB

    1 shares
    Share 0 Tweet 0
  • Amazon All Set To Enter India’s Food Delivery Market

    1 shares
    Share 0 Tweet 0
  • Swiggy Startup Success Story – In-Depth Analysis

    1 shares
    Share 0 Tweet 0
  • Tim Cook Confirms: First Apple Retail Store To Be Opened By 2021

    1 shares
    Share 0 Tweet 0
PU college

How to choose a good PU college for yourself

May 15, 2022
Deepika Padukone

Deepika Padukone Becomes First Indian Face to be House Ambassador for Louis Vuitton

May 12, 2022
Shopflo

Shopflo, a SaaS startup for D2C brands, raises $2.6M in a Seed round

May 12, 2022
startup insider

Startup Insider is a prominent news website which deals with startup news, stories, interview tips, gives the latest update about events and conferences. We aim to provide significant knowledge and information to the people who visit this website.

Mail : media@startupinsider.in

Phone : 91-9034408083

Categories

  • Auto
  • Blog
  • ceo Story
  • Crypto
  • Funding News
  • Interviews
  • News & Updates
  • Press Release
  • Profile
  • Startup Stories


img

Recent

  • How to choose a good PU college for yourself
  • Deepika Padukone Becomes First Indian Face to be House Ambassador for Louis Vuitton
  • Shopflo, a SaaS startup for D2C brands, raises $2.6M in a Seed round
  • About Us
  • Contact Us
  • Submit Your Story or Interview
  • Advertise with Us
  • Career
  • Privacy
  • Terms of Use
  • Write For us

© 2020 Startup Insider

No Result
View All Result
  • Home
  • News & Updates
  • Startup Stories
  • Interviews
  • Press Release
  • Blog
  • Submit Your Story or Interview

© 2020 Startup Insider