Buzz of TikTok return causes uncertainty; investors now in a wait-and-watch mode

MUMBAI: Speculation is rife about the possible return of TikTok in India, on the back of recent media reports of Microsoft looking to buy the Chinese app’s India operation. Twitter too has held initial discussions for a deal to purchase TikTok US, The Wall Street Journal reported Saturday.

In the wake of such developments, most investors who were looking to bet on homegrown short-video apps which have proliferated in the past one month, may hold out before there is further clarity. Things have been changing every few days.