Urdu Khabrain
Urdu Khabrain is provide your latest and breaking news headlines form all over world.
Loading...

TikTok parent plans to pump $1bn into India in 3 yrs

0
NEW DELHI: Unfazed by the ban on TikTok in India, the popular Chinese short video app’s parent ByteDance remains “very optimistic” and plans to invest $1 billion in the country over three years. ByteDance – touted to be among the world’s most valuable startups with investors like SoftBank, General Atlantic, KKR and Sequoia on board – also offers platforms like Helo and Vigo Video in India.

ByteDance director (international public policy) Helena Lersch said that the company has been strengthening its content-moderation policies over the last many months. “We are obviously disappointed by the current developments, but we are also very optimistic that we will resolve this issue. We remain committed to our Indian users. As a company, we are looking to invest $1 billion over the next three years in India, that is how bullish we will remain to be here,” she said.

The company would also be increasing the number of employees in India to 1,000 people by the end of this year. TikTok, which allows users to create short videos and share them, has more than 120 million users in India and is popular among youngsters.

The Madras high court on April 3 had directed the Centre to ban TikTok, saying it was evident from media reports that pornography and inappropriate content were made available through such mobile apps. Following the Supreme Court’s refusal to stay the Madras HC order, tech giants Google and Apple removed TikTok from their app stores in India to prohibit further downloads of the app. However, those who have already downloaded the app would be able to continue using it on their phones. agencies

You might also like
Loading...
Comments
Loading...