ByteDance to invest US$1 bln in India despite TikTok setback
China?s ByteDance,�the world's most valuable startup, plans to invest US$1 billion in India in the next three years despite facing a setback in the market in relation to the short-video app TikTok. Bytedance remains ?very optimistic? about its India business prospects and is hopeful that it can resolve the current issue pertaining to TikTok, Helena?
- China's ByteDance, the world's most valuable startup, plans to invest US$1 billion in India in the next three years despite facing a setback in the market in relation to the short-video app TikTok.
- The comments came after TikTok, which allows users to create and share videos with special effects, has been banned in India after it became a big hit in the country.
- A court in India's southern Tamil Nadu state asked the federal government on April 3 to ban TikTok, and prohibit media from broadcasting any content created on the app, citing reports of pornography and inappropriate content being circulated via the app.
- In response, Bytedance challenged the state court's ban order in India's Supreme Court, saying it went against freedom of speech rights in India.