Bytedance to invest $1 billion in India and create more job opportunities

Exhausted by the legal dispute with the Indian government and the resultant application removal from Apple Store and Google Play, Bytedance is looking to invest $1 billion over the next three years, probably in an attempt to rectify the adverse situation in which the policy is currently working unfavorably to its short video app, TikTok. The planned investment indicates the importance of the Indian market to Bytedance – with the reality of more than 120 million users and potential to expand – considering the population of 1.3 billion in a fast-developing country.