TIL Desk/Business/New Delhi/ Chinese social media firm Bytedance, which owns Tiktok and Helo apps, has announced the closure of its India business following continued restrictions on its services in the country.
Tiktok’s global interim head Vanessa Pappas and vice president for global business solutions Blake Chandlee in a joint email to employees have communicated the decision of the company that it is reducing team size and the decision will impact all employees in India.
The executives expressed uncertainty on the company’s comeback to India but expressed hope to do so in times to come. “While we don’t know when we will make a comeback in India, we are confident in our resilience, and desire to do so in times to come,” the email said.
