NEW DELHI: Unfazed by way of the ban on TikTok in India, the popular Chinese short video app's mother or father ByteDance stays "very optimistic" and plans to invest $1 billion in the nation over 3 years. ByteDance - touted to be some of the global's Most worthy startups with traders like SoftBank, General Atlantic, KKR and Sequoia on board - additionally provides platforms like Helo and Vigo Video in India.
ByteDance director (global public policy) Helena Lersch mentioned that the company has been strengthening its content-moderation insurance policies during the last many months. "We are obviously disappointed by the current developments, but we are also very optimistic that we will resolve this issue. We remain committed to our Indian users. As a company, we are looking to invest $1 billion over the next three years in India, that is how bullish we will remain to be here," she mentioned.
The company would even be increasing the selection of employees in India to one,000 other people by way of the top of this yr. TikTok, which allows users to create short movies and percentage them, has more than 120 million users in India and is fashionable among kids.
The Madras top court on April 3 had directed the Centre to ban TikTok, announcing it was once evident from media studies that pornography and beside the point content material were made to be had via such cellular apps. Following the Supreme Court's refusal to stay the Madras HC order, tech giants Google and Apple removed TikTok from their app shops in India to prohibit additional downloads of the app. However, those who have already downloaded the app would have the ability to continue the use of it on their phones. companies
ByteDance director (global public policy) Helena Lersch mentioned that the company has been strengthening its content-moderation insurance policies during the last many months. "We are obviously disappointed by the current developments, but we are also very optimistic that we will resolve this issue. We remain committed to our Indian users. As a company, we are looking to invest $1 billion over the next three years in India, that is how bullish we will remain to be here," she mentioned.
The company would even be increasing the selection of employees in India to one,000 other people by way of the top of this yr. TikTok, which allows users to create short movies and percentage them, has more than 120 million users in India and is fashionable among kids.
The Madras top court on April 3 had directed the Centre to ban TikTok, announcing it was once evident from media studies that pornography and beside the point content material were made to be had via such cellular apps. Following the Supreme Court's refusal to stay the Madras HC order, tech giants Google and Apple removed TikTok from their app shops in India to prohibit additional downloads of the app. However, those who have already downloaded the app would have the ability to continue the use of it on their phones. companies
TikTok parent plans to pump $1bn into India in 3 yrs
![TikTok parent plans to pump $1bn into India in 3 yrs]()
Reviewed by Kailash
on
April 20, 2019
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