Jio Mart seeking to acquire Tiktok’s India operations – here’s what we think


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Ever since the short-form video platform TikTok was banned in India along with 58 other Chinese made apps, hectic activity is afoot to capture this lucrative space. And when the app virtually got banned by the United States, reports of prospective acquisitions started. First, it was Microsoft, then Twitter and now it is home-grown Jio Platforms.

Not surprising, given the amount of investments that Jio Platforms, a subsidiary of India’s largest company Reliance Industries, has garnered in recent times. So, when we read reports of a possible buy-out of TikTok’s India business by a company that straddles every facet of India’s business – from eCommerce to oil – it sounded plausible. 

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