India freezes bank accounts of China’s ByteDance in tax case, company mounts challenge: Report
Indian authorities have blocked bank accounts of ByteDance in the country for alleged tax evasion and the company has asked a court to quash the directive which it fears will hit its operations hard, two sources with direct knowledge told Reuters.
ByteDance in January cut its India workforce after New Delhi decided to retain a ban on its popular video app TikTok, first prohibited last year following a border clash between India and China. China has repeatedly criticized India’s move and said it suspected it was against WTO rules.
ByteDance still has around 1,300 employees in India, most of whom service its overseas operations, including work on activities such as content moderation.