Microsoft may further expand its acquisitionsTikTok's global businessAt the time, the company owned by India's richest man, Mukesh AmbaniReliance Industries GroupIt seems to be interested in acquiring TikTok's business in India.
Due to the previous conflict between China and India, many Chinese services were banned in India, and TikTok's business development in the Indian market was also affected.
butRelated NewsReliance Industries, owned by India's richest man, Mukesh Ambani, is reportedly interested in acquiring TikTok's Indian operations. A successful acquisition would allow TikTok to take over 2 million users in the Indian market and provide a renewed opportunity for growth for the company, which has a market capitalization of approximately $30 billion in India.
However, neither TikTok's parent company, iOS, nor Reliance Industries has responded positively to this statement.
Currently, Jio Platforms, the telecommunications services subsidiary of Reliance Industries, has received a $45 billion investment from Google, and recently received approximately $57 billion from Facebook and $9700 million from Qualcomm. Intel also announced an investment of $2.535 million this year. Jio Platforms also stated that it has invested in the research and development of a complete 5G network system that is XNUMX% manufactured in India, in anticipation of greater development opportunities.
Taking over TikTok's Indian business means that Jio Platforms will be able to attract more users and expand its online services and content development model.
