Reliance Jio In Talks With ByteDance To Acquire TikTok In India?

Mukesh Ambani's Reliance Industries Ltd is reportedly in talks with TikTok's parent company ByteDance to acquire the shot video app in India to save its business in the second largest market of the Chinese app. TikTok along with 58 other Chinese apps, was banned in India in June over national security and data privacy concerns.