China’s ByteDance is in early talks with Reliance Industries for an funding in its video-based app TikTok’s enterprise in India, TechCrunch reported on Thursday, citing sources.
The two corporations started conversations late final month and haven’t reached a deal but, based on the report.
Last week, US President Donald Trump unveiled bans on US transactions with the China-based homeowners of messaging app WeChat and TikTok, escalating tensions between the 2 international locations.
Microsoft has been in talks to accumulate the US operations of the video-sharing app.
© Thomson Reuters 2020