Bloomberg’s latest Report It has been claimed that ByteDance Ltd of China can sell its operation in India to its rival InMobi Glance. The report quoted a source with information in this regard as saying that SoftBank Group Corp of Japan has started negotiations in this matter. Let me tell you that InMobi Glance is an Indian company making an app, whose short video sharing platform Roposo is already available in the market. Of TikTok Ban in India The app gained immense popularity after its launch and was extensively downloaded. The app has more than 30 million monthly active users. Roposo of Glance Indian app is And InMobi claims that the company has invested 145 million dollars or about 105 crore dollars by Google and Mithril Capital.
SoftBank Glance’s parent company InMobi and ByteDance both take over the company’s financial workload. The report says that currently the deal between the two companies depends on the final order of the Government of India. Not only that, because of Chinese laws, TikTok’s decision to sail will not happen without the approval of the Chinese government. Apart from this, it is also reported that the Indian government will proceed this conversation only when the government will be assured that the user’s data will not go out of India.
Apart from this, tell us that Sensor Tower, the app data analyzing agency Report As of January 2021, TikTok is the second most downloaded app. Tittock received 6.2 million downloads in January. China has the highest share of 17% in these downloads. After this, the US share is 10%. However, a large user of the app is not included in it, as the app is still banned in India.