Hyderabad, Jan 27: 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.
According to a source at Bytedance, the company held a town hall on Wednesday where it communicated about the closure of India business.
When contacted Tiktok spokesperson said the company has worked steadfastly to comply with the government of India order issued on June 29, 2020 and continually strives to make its apps comply with local laws and regulations. - PTI
