• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Saturday, June 21, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home India News

TikTok’s parent, ByteDance to sell India operations to Glance by InMobi

by Chhavideep Singh
February 14, 2021
in India News, Popular, Tech
Reading Time: 2 mins read
0
TikTok
TwitterWhatsappLinkedin
TikTok
Source: StartUpCrow

TikTok became a phenomenon in the Indian market since it was launched, with millions of people on the platform making short videos. TikTok’s parent organisation- ByteDance was on an all-time high, receiving so much traction and popularity from all across the globe. India was a major market for ByteDance because of its potential in short video niche which was untapped in the Indian market.

You might also like

Apple in Early Talks to Acquire Perplexity AI, Its Largest Deal Yet

Eutelsat’s Shares Skyrocket as France Leads €1.35 Billion Investment in Satellite Future

Decade-Old Torrent Site Lands Greek Man in Prison Amid Renewed Piracy Crackdown

However, the app’s popularity in India was only for a limited time before it was banned by the Indian government under section 69A of the Information and Technology Act. TikTok is a China-born application and the central government took this decision to ban more than 200 Chinese applications in India and TikTok was one of them. The apps were banned because they could be a threat to national sovereignty and security, as mentioned in several reports and statement quoted by the government of India.

These restrictions on using China-based applications were a consequence of the increasing tensions between India and China on the border. The short video platform crashed to the ground after its ban from India and ByteDance was negatively affected in terms of business and profitability.

Recently, China’s ByteDance is in advanced talks to sell off its TikTok India’s business to InMobi’s Glance which is a TikTok rival, according to a report by Bloomberg. The report also mentioned that SoftBank Group Corp of Japan initiated the discussions about the same. As mentioned in a report by Live Mint, this move by the Chinese short video platform’s parent came after last month, when the Indian government outrightly indicated that the ban imposed on TikTok was permanent and that it won’t return to the Indian market.

Following the announcement made by the Indian authorities, ByteDance decides to shut down its Indian operations and even cut over 2,000 employees over the uncertainty of the app’s return. India is one of the largest markets for TikTok with over 200 million users, according to a report by Live Mint.

Glance is a Bengaluru-based start-up, a screen zero platform that connects users across various connected devices to experience the internet. The platform offers Artificial Intelligence-based personalised content that too in multiple Indian languages including Telugu, English, Tamil etc. The app can be considered as TikTok’s rival and its parent InMobi is titled as India’s first unicorn. The India-based short video platform gained a lot of popularity after the ban on TikTok and it currently enjoys more than 30 million monthly active users. Its main USP is its varied language options suited for the Indian audience.

 

 

Tags: ByteDanceGlanceIndiaInMobiTikTok
Tweet54SendShare15
Previous Post

Twitter’s ‘differential treatment’ continues for India in expansion plans

Next Post

Grofers to raise fresh funds in Series F round from Euler Capital Fund

Chhavideep Singh

Hi! I'm Chhavideep, If you like reading about technology, business and start-ups, you've come to the right place. Catch me: [email protected]

Recommended For You

Apple in Early Talks to Acquire Perplexity AI, Its Largest Deal Yet

by Thomas Babychan
June 21, 2025
0
Apple in Early Talks to Acquire Perplexity AI, Its Largest Deal Yet

In recent weeks, Apple has been engaged in private discussions about a potential acquisition of the AI search startup Perplexity, according to sources familiar with the matter. These...

Read more

Eutelsat’s Shares Skyrocket as France Leads €1.35 Billion Investment in Satellite Future

by Harikrishnan A
June 21, 2025
0
Eutelsat’s Shares Skyrocket as France Leads €1.35 Billion Investment in Satellite Future

Eutelsat, the European satellite company, made headlines this week as its stock surged an impressive 31% on Friday. The rally came right after the company announced it had...

Read more

Decade-Old Torrent Site Lands Greek Man in Prison Amid Renewed Piracy Crackdown

by Harikrishnan A
June 21, 2025
0
Decade-Old Torrent Site Lands Greek Man in Prison Amid Renewed Piracy Crackdown

In a courtroom in Piraeus, Greece, silence quickly turned to shock when three police officers stepped forward, handcuffed a 59-year-old man, and led him away. Moments earlier, the...

Read more
Next Post
Grofers

Grofers to raise fresh funds in Series F round from Euler Capital Fund

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?