After ByteDance’s TikTok was banned in India last year, short video app rivals rushed in to take advantage of the social media giant’s misfortunes. ByteDance is now considering a sale of TikTok assets to a local rival. Photo: Shutterstock
After ByteDance’s TikTok was banned in India last year, short video app rivals rushed in to take advantage of the social media giant’s misfortunes. ByteDance is now considering a sale of TikTok assets to a local rival. Photo: Shutterstock
TikTok
Tech /  Big Tech

ByteDance in talks to sell Indian TikTok assets to rival Glance as a ban in the country takes its toll

  • ByteDance is exploring a sale of TikTok operations in India to local unicorn Glance, owner of the short video app Roposo
  • Since being banned in India, TikTok has fired hundreds of local employees as short video app rivals have grown

Bloomberg
Bloomberg

Updated: 10:32am, 14 Feb, 2021

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After ByteDance’s TikTok was banned in India last year, short video app rivals rushed in to take advantage of the social media giant’s misfortunes. ByteDance is now considering a sale of TikTok assets to a local rival. Photo: Shutterstock
After ByteDance’s TikTok was banned in India last year, short video app rivals rushed in to take advantage of the social media giant’s misfortunes. ByteDance is now considering a sale of TikTok assets to a local rival. Photo: Shutterstock
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