ByteDance

SoftBank has held discussions with India’s two largest telecom operators for buying out TikTok India in August.

Following TikTok’s ban in India, these local alternatives are hoping to seize the opportunity.

As Chinese brands go global, regulations at home and abroad may impede their operations.

The deal will see Huanxi’s new drama series and movies release on Bilibili.

The sale of TikTok’s US operations might need approval from Chinese authorities in order to proceed.

The buyer is likely to be a Microsoft-Walmart consortium or Oracle, according to sources.

JioSaavn’s local competitor Gaana launched its own short-video app HotShots in July.

ByteDance has been developing its search engine business since early last year, unveiling a mobile search portal, Toutiao Search, last August and a standalone search app this February.