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ByteDance reportedly exploring sale of TikTok's India business to local rival Glance

Phate Zhang Feb 13, 2021 22:15 GMT+8

Beijing-based ByteDance is reportedly looking to sell TikTok's Indian business to local rival Glance, Bloomberg said, citing people familiar with the matter.

The discussions, initiated by Japan's SoftBank Group, are private and are still in the early stages, the people familiar with the matter said.

Glance's parent company InMobi owns the short video app Roposo, which became hugely popular after TikTok was banned in India in July last year.

#ByteDance#TikTok
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Phate Zhang
Phate is the founder of CnTechPost and the main author of the site. He has been reporting in Chinese and English since 2009, focusing on macroeconomics and capital markets. He is also a tech enthusiast, and it is his interest to follow tech industry developments.
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