Spotting
 Timeline
 Travel Tip
 Trip
 Race
 Social
 Greeting
 Poll
 Img
 PNR
 Pic
 Blog
 News
 Conf TL
 RF Club
 Convention
 Monitor
 Topic
 Followed
 Rating
 Correct
 Wrong
 Stamp
 HJ
 Vote
 Pred
 @
 FM Alert
 FM Approval
 Pvt
Forum Super Search
 ↓ 
×
HashTag:
Freq Contact:
Member:
Posting Date From:
Posting Date To:
Blog Category:
Train Type:
Train:
Station:
Pic/Vid:   FmT Pic:   FmT Video:
Sort by: Date:     Word Count:     Popularity:     
Public:    Pvt: Monitor:    Topics:    

Search
  Go  

रेलफैनों को आता है ज़िन्दगी का मज़ा लेना

Full Site Search
  Full Site Search  
 
Tue Oct 27 07:11:37 IST
Home
Trains
ΣChains
Atlas
PNR
Forum
Topics
Gallery
News
FAQ
Trips/Spottings
Login
Advanced Search

Blog Entry# 4686860
Posted: Aug 13 (17:14)

No Responses Yet
1006 views
Aug 13 (17:14)   ByteDance is reportedly in talks with India's Reliance about a TikTok investment

moderator^~   493 news posts
Entry# 4686860   News Entry# 416288         Tags   Past Edits
Indian conglomerate Reliance Industries is in early talks with ByteDance about an investment in TikTok's India business, according to a TechCrunch report.
TikTok was banned by the Indian government on June 29 but the move could potentially see it reinstated.

India's TikTok business is being valued at $3 billion, according to the report.
...
more...

Indian conglomerate Reliance Industries could be about to invest in Chinese-owned social media app TikTok, according to a report from TechCrunch Thursday, which cited two sources familiar with the matter.

Reliance Industries is currently in "early discussions" with TikTok parent company ByteDance, which is headquartered in Beijing, about a potential deal for TikTok's business in India, according to the report.

Discussions between ByteDance and Reliance Industries reportedly began in July but a deal is yet to be reached. TikTok's business in India has a valuation of $3 billion, according to one of the sources cited by TechCrunch.

It's unclear if Reliance would like to acquire the whole of TikTok's business in India or just part of it.

TikTok has acquired more users in India than in any other country but the app was banned by the Indian government along with 58 other Chinese apps on June 29 as geopolitical tensions between the two nations soared. It's possible that the Indian government would reinstate TikTok if it was owned by an Indian company, just like President Donald Trump has said TikTok could continue operating in the U.S. provided it is owned by a U.S. company, such as Microsoft.

Founded in 1973 and owned by Mukesh Ambani, India's richest man, Reliance Industries has traditionally been in the oil and petrochemicals business. Over the last few years, however, it has been putting more of a focus on tech. Reliance's Jio Platforms business has raised around $20 billion over the last few months from investors including Google and Facebook, which is directly competing with TikTok with Instagram Reels.

ByteDance, TikTok and Reliance Industries did not immediately respond to a CNBC request for comment.

COVID-19

ONLY COVID-19 Specials are running.
As Corona cases are increasing rapidly, Members are advised to TAKE extra CARE these days.
1. AVOID going outdoors even if lockdown is easing.
2. ALWAYS wear a MASK when OUTDOORS.
3. Wash hands frequently. Do NOT touch your face.


REMEMBER: PREVENTION is the ONLY Option. There is NO CURE.

Top Trending Posts

Rail News

New Trains

Site Announcements

  • Entry# 4680754
    Aug 03 2020 (10:10PM)


    In the next few days, we shall introduce a "Personal Gallery". This will consist of your own personal pics - no restrictions. You can upload any number of pics to your personal gallery - with with or without trains. This personal gallery will be part of your Member Profile. Thanks.
  • Entry# 4671643
    Jul 18 2020 (11:53PM)


    As our Topics & Quiz section gains popularity, the following change will be made to Quizzes. Starting tomorrow, we shall not reveal the names of people who answered correctly/incorrectly. You will still know how many answered the quiz and the percentage of wrong/right responses. But ONLY the person who answered will know...
  • Entry# 4669324
    Jul 15 2020 (10:01AM)


    Today, we are introducing a new Topic called NEWS-CRITIC. These days, everyday, we are bombarded with spam news, exaggerated news, misleading news, fake news, useless celebrity news, click bait with misleading headlines, etc. Also, much of the news is copied and rewritten from other news outlets, instead of being written first-hand. Everyone...
  • Entry# 4665139
    Jul 09 2020 (12:37AM)


    Over the last few days, there have been concerns expressed by many members that politics are being discussed. Well, with 90% of the trains NOT running over the last 3 months, there is not much rail-fanning happening!!! People have to discuss something. Mature political discussions are allowed in the Topics section,...
  • Entry# 4658593
    Jun 28 2020 (12:39PM)


    To help with the issue of mass tagging of members, we shall soon be expanding the RF Club feature to Pvt Clubs: . 1. Any member will be able to create a Pvt Club and invite other members to join. Joining of any Club is voluntary - members cannot be forced to join...
  • Entry# 4653181
    Jun 18 2020 (11:41PM)


    @all: For the last 2 days, I have been putting up some quizzes in the Topics section, with the following design: . 1. Each quiz starts with a statement. . 2. Then a question, followed by 4-6 choices. . 3. AFTER a member makes a choice, all the other choices are revealed, along with the creator's choice and...
Scroll to Top
Scroll to Bottom
Go to Mobile site
Important Note: This website NEVER solicits for Money or Donations. Please beware of anyone requesting/demanding money on behalf of IRI. Thanks.
Disclaimer: This website has NO affiliation with the Government-run site of Indian Railways. This site does NOT claim 100% accuracy of fast-changing Rail Information. YOU are responsible for independently confirming the validity of information through other sources.
India Rail Info Privacy Policy