Reliance may invest in TikTok's India business, will the ban be lifted?

After being banned from India, TikTok is seen preparing to reenter here. According to a report by Tech Crunch, Mukesh Ambani’s company Reliance Industries Ltd is in talks to invest in TikTok.

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It is worth noting that since June 29, the TikTok app has been banned in India and along with it many other Chinese apps were banned. India is the largest market for TikTok after China and that is probably the reason why the company would like to do business here in some way. Whether directly or indirectly.

According to the report, the two companies are in talks with Reliance and TikTok’s parent company ByteDance Deal since the end of last month, but the deal has not been finalized yet.

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Tech Crunch quoted the sources as saying that the value of TikTok in India is more than 3 billion dollars. However, no statement has been issued from both the companies regarding this.

It is significant that Microsoft is preparing to buy TikTok in the US. The deal final is expected next month. It is worth noting that the business of Microsoft TikTok is being bought only for countries like America, Canada, and New Zealand.

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If Reliance Industries buys TikTok’s business in India, it will benefit both companies. In India, the ban will also be removed from TikTok and Reliance Jio’s dominance in the video space will also be able to be maintained.