Intel Capital writes a Rs 1,894-crore cheque to become the 11th investor in Jio Platforms

Intel Capital’s investment will translate into a 0.39% equity stake in Jio on a fully diluted basis.

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Tough road for TikTok clones

Building the next TikTok will require top-notch capability, backed by millions of dollars.

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Won’t pursue legal options against ban: TikTok

​​“We are committed to working with the government to address its concerns. We comply with the laws and regulations of the government of India. Ensuring the data sovereignty, security and privacy of users has always been and will continue to be a top priority for us,” a spokesperson said.

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TikTok CEO writes to government to share India expansion plans

Kevin Mayer, TikTok’s US-based CEO, who wrote to electronics and IT minister Ravi Shankar Prasad soon after the app along with 58 other Chinese apps was banned by India on Monday over concerns of national security, has also sought a personal meeting to explain the data-sharing practices of the ByteDance-owned platform, the people cited above told ET.

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Indian traders on Alibaba seeing more discounts

​​Top trade bodies shared this observation at a webinar organised by Confederation of All India Traders (CAIT) on plans of expansion of the ban Chinese products campaign.

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Chinese handset brands planning to put India investments on hold

Major smartphone investors such as Oppo and Vivo in fact are yet to register for India’s ambitious production-linked incentive (PLI) scheme for manufacturing, even though the likes of Apple phone makers Foxconn and Wistron, besides local manufacturers such as Dixon, Lava and Karbonn have done so.

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Facebook to shut TikTok clone Lasso

Lasso was launched in 2018 as an answer to TikTok, which has gained popularity globally. However, Lasso failed to gain traction and match TikTok. Facebook is now betting on Instagram Reels. It is also similar to TikTok where a user can record 15 second videos.

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