India Reliance Industries talks about investment tiktok’s business in India

According to people familiar with the matter, byte hop is in communication with Reliance Industries in India, which may provide financial support for tiktok and save its fate in the market with the largest number of users. < / P > < p > people familiar with the matter said the two companies began to communicate at the end of last month, but no agreement has been reached. Tiktok already had 200 million users in India before it was banned at the end of June, with a valuation of more than $3 billion. < / P > < p > Reliance Industries is India’s largest company by market value. If it invests in tiktok, it is expected to further deepen its ties with end users. Although Ji platform, the telecom giant of Reliance Industries, has obtained nearly 400 million users in India within four years after its establishment, its applications directly for end users have not been popular. < / P > < p > since the end of April, the Indian digital giant has raised about $20 billion through 13 prominent investors, including Facebook and Google. Google will launch a customized version of Android system in cooperation with Ji platforms, which is specially installed on low-end Android smart phones. Facebook will work with it to provide digital help to 60 million SMEs in India. < / P > < p > the preliminary negotiation between byte beat and Reliance Industries comes at a time when some of its key employees in India leave. A number of executives, including the policy director and the Indian head of byte hop’s helo applications, have left in recent weeks. < / P > < p > byte skipping told employees that they would address the Indian government’s concerns through dialogue and were not prepared to lay off staff in India. Byte hopping employs about 2000 employees in India. < / P > < p > byte skipping is also negotiating sales in other markets, including the sale of the U.S. business to Microsoft. Last week, it was reported that the two sides had expanded the scope of the deal to include tiktok’s business in other markets such as Europe and India. < / P > < p > as Mukesh Ambani, the controller of Reliance Industries, is India’s richest man and an ally of prime minister Moody’s, byte beat’s agreement with the company will help ease the Indian government’s concerns. < / P > < p > and local Indian enterprises, including sharechat supported by twitter and gaana and MX player under times Internet, have also launched independent applications or similar functions in imitation of tiktok. These native applications have claimed to add tens of millions of users in recent weeks. < p > < p > Facebook’s instagram also launched reels in India last month. Since tiktok was banned, the social media giant’s services have seen more than 25% increase in daily interaction, according to people familiar with the matter. Baidu continues to work on quantum computing to lay a solid foundation for new infrastructure construction