HomeNewsByteDance to set up its second corporate entity in India

ByteDance to set up its second corporate entity in India

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Chinese internet giant ByteDance is setting up its second corporate entity in India.

Quoting the sources familiar with the development, the Economic Times in its report said, “ByteDance may file a formal application with the government and regulators, including the Department for Promotion of Industry and Internal Trade in the coming weeks.”

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“The new entity is likely to offer Information Technology and IT-enabled services support to ByteDance’s global platforms,” report said.

“It will also work on creating content for its platforms like TikTok, Helo, Toutiao, Douyin, Xigua Video, and others,” it added.

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Krishna Mali
Krishna Mali
Founder, CEO & Group Editor of TechGraph.
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