TikTok’s parent ByteDance plans USD 1 billion 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 USD 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 offers 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.

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