In an interesting new development in the increasingly-complicated and geopolitical/economic situation between India and China, ByteDance is reportedly now looking to sell-off its Indian TikTok assets to local rival and unicorn Glance. Ever since, ByteDance has been looking for a way to at least salvage some of its local assets. The Japanese SoftBank Group Corp - the multinational conglomerate holding that tends to pop-up fairly frequently when discussing major tech companies is apparently a backer in both TikTok's Chinese parent ByteDance and Glance's parent InMobi Pte. Hence, the interest to make local TikTok assets profitable again is definitely there, even if on the surface, this looks like an assimilation from competitor Glance. Glance or Glance Digital Experience as its full name goes, the most-likely partner in the aforementioned assets transferal deal is definitely one of the bigger names.

Source: The Nation February 13, 2021 21:56 UTC