TikTok’s parent ByteDance plans $1 bn investment in India in next 3 years
New Delhi: Unfazed by the ban on TikTok in India, the popular Chinese short video app's parent ByteDance remains "very optimistic" and plans to invest $1 billion in the country over the next three years.
ByteDance — touted to be among the world's most valuable startups with investors like SoftBank, General Atlantic, KKR and Sequoia on board also offer platforms like Helo and Vigo Video in India.
Speaking to PTI, ByteDance Director (International Public Policy) Helena Lersch said the company has been strengthening its content moderation policies over 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 bill...