ByteDance in talks with Reliance for investment in TikTok: Report

China's ByteDance is in early talks with Reliance Industries Ltd for investment in its video-based app TikTok's business in India, TechCrunch reported on Thursday, citing sources. The two companies began conversations late last month and have not reached a deal yet, according to the report.

Reliance, ByteDance and TikTok did not immediately respond to Reuters requests for comment. ALSO READ: US threat on TikTok is sheer gangster logic and daylight robbery: China The Indian government in June banned.

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