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Reliance TikTok moving quickly to resolve issues in India, US: Bytedance founder Zhang Yiming

Reliance TikTok moving quickly to resolve issues in India, US: Bytedance founder Zhang YimingReliance

Synopsis

Reliance Yiming additionally thanked Mayer for his “efforts towards a resolution”. Mayer’s exit, simply months after he joined the favored brief video app from Disney, may sign that the corporate has maybe reached a deal which might be introduced quickly.

AFP

New Delhi: Zhang Yiming, founder of ByteDance has mentioned that the corporate is “moving quickly” to resolve issues in the US and India in a letter he despatched on Thursday morning quickly after Kevin Mayer introduced his resignation because the CEO of TikTok.

In the letter, the contents of which have been reviewed by ET, Yiming mentioned that although he can’t share extra particulars on the decision at this level, the “solution” might be in the curiosity of customers, creators and companions.”

Yiming additionally thanked Mayer for his “efforts towards a resolution”. Mayer’s exit, simply months after he joined the favored brief video app from Disney, may sign that the corporate has maybe reached a deal which might be introduced quickly.

Earlier on Thursday, Mayer introduced his exit from TikTok in a letter to workers.

“In recent weeks, as the political environment has sharply changed, I have done significant reflection on what the corporate structural changes will require, and what it means for the global role I signed up for. Against this backdrop, and as we expect to reach a resolution very soon, it is with a heavy heart that I wanted to let you all know that I have decided to leave the company,” Mayer mentioned in a letter to workers.

Yiming additionally thanked Mayer for becoming a member of at a time when the corporate was getting into its “most challenging moment in India and the US in particular.”

“It is never easy to come into a leadership position into the company moving as quickly as we are and the circumstances following his arrival made it all the more complex.”

Microsoft had mentioned in its assertion that it’ll shut conversations on the acquisition consideration of TikTok in the US and three different markets by September 15. The govt order signed by US President Donald Trump had additionally given a deadline of September 20 for banning any industrial transaction with TikTok in the US.

TikTok has been banned in India for shut to two months now with little readability about its future in the nation. ET had reported earlier that ByteDance has approached companies like Reliance Jio for a particular sale of TikTok in India.

It is nevertheless unclear if the answer that Yiming is referring to implies that one entity will purchase each Indian and US operations or it is going to be two separate entities.

In his letter, Mayer mentioned that “I understand that the role that I signed up for — including running TikTok globally — will look very different as a result of the US administration’s action to push for a sell off of the US business,” he added.

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