The latest Bloomberg report claims that China’s bytedance Ltd can sell its operation in India to its rival Inmobi Look. The report cited a source of knowledge in this regard, stating that Softbank Staff Corp of Japan has started dialogue in the matter. Let us know that Inmobi Look is an Indian company making an app, a short video sharing platform Roposo is already available in the market. The app gained great popularity after Tiktok was banned in India and was downloaded on a large scale. The app has more than 3 crore monthly active users. Look’s Roposo is the Indian app and Inmobi claims that the company has invested $ 145 million, or about 105 crores by Google and Mithril Capital.
Softbank Look’s original company Inmobi and bytedance takes the financial charge of the company. The report says that the deal between the two companies is currently dependent on the final order of the Government of India. Not only this, due to Chinese laws, Tiktok’s sale will not be decided without the approval of the Chinese government. Apart from this, it is also reported that the Government of India will only pursue this dialogue when the government will be assured that the user’s data will not go out of India.
From this, let us know that according to the report of Sensor Tower, an app data analyzing agency, Tiktok is the second app to be the most downloaded in January 2021. Tickets received 6.2 crore downloads in January. China has the highest share of 17 % of these downloads. After this, America has a stake of 10 %. However, a large uzarbus of the app is not included in it, as the app is still banned in India.
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