ByteDance initiates talks to sell TikTok’s India assets


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India’s repeated rejection of short-video app TikTok’s attempts to resume operations in the country is making ByteDance jittery now. The parent company is reportedly in talks to sell off its local assets in the country and pare its losses. We had reported on Tiktok’s move late in January, though nothing actually fructified then. 

According to published reports, ByteDance is holding discussions with the team at Glance, an Indian version of TikTok, that is backed by the SoftBank-led InMobi. No details are available yet around the discussion. The only thing that we know for a fact is the federal government is in no mood to allow TikTok to resume. 

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