This Indian company can buy Tiktok's business
India is considered the world's second largest market for app makers. If your app is successful in any way in India, you can benefit greatly. Bitdance, the parent company of TikTok, is adopting new prescriptions to save its market and advantage in India. Bitdance plans to sell its business in India.Mukesh Ambani's initial conversation with Reliance
According to a report by news agency Reuter, Bitdance can sell its tiktok business in India to Mukesh Ambani, chairman of Reliance Industries. However, the two companies have not responded to this matter.
The Indian government banned China's 59 apps for the Galvan Valley border dispute in Ladakh in June, including popular apps such as Tiktok, UC Browser, UC News. Following which another 47 apps were banned in July. Thus India has banned 106 app of China. TikTok's business in India is estimated to be 3 billion rupees.
America has also banned
After India, the United States has also banned the Chinese app Tiktok. However, the US has given Bitdance until September 15 to sell its American business to an American company. If a company does not buy it by then Tiktok will be completely shut down in the US.
Microsoft expressed interest
Microsoft CEO Satya Nadella has expressed interest in buying Tiktok. The information of which has been given to President Donald Trump. But the final deal between Microsoft and Bitdance is not yet done. Bitdance has a business of 30 billion in the United States.
Talking about Bitdance's 2019 business in India, the company did a business of Rs 43.75 crore in 2019 in India, out of which it made a profit of Rs 3.4 crore. According to the report, Tiktok has been downloaded over 200 million times worldwide and has 800 million users worldwide, according to data released on April 29 by Sensor Tower, which monitors the app's business.
