The latest in Bloomberg Report It has been claimed that China’s Bitdance Limited may sell its operations in India to its rival Inambi Glance. Citing a source with information in this regard, the report said that Softbank Group Corp. Corporation of Japan has started discussions on this issue. Let me tell you that InMBy Glance is an Indian company that creates an app, whose short video sharing platform Roposo is already available in the market. Tickling Prohibited in India The app has gained a lot of popularity since its launch and it has been widely downloaded. The app has over 30 million monthly active users. The Roposo of Glance The Indian app is And Inambi claims that the company has invested 5 145 million, or about 10 105 million, by Google and Methyl Capital.
Both Inmobi and Bitdance, the parent companies of Softbank Glance, take on the financial pressure of this company. The report said that currently the agreement between the two companies depends on the final order of the Government of India. Not only that, but due to Chinese law, the decision to operate Tiktak will not be made without the approval of the Chinese government. Apart from this, the Government of India will conduct this conversation only when the Government is assured that user data will not go outside India.
In addition to this, our application data analytics company Sensor Tower says Report As of January 2021, TikTok is the second downloaded app. Titk received 6.2 million downloads in January. China has the highest share of 17% in these downloads. After that, the U.S. shares amount to 10%. However, since the app is banned in India, it is not included in a large user of the app.