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Aya Lin · · 1 min readIn brief: Bytedance to invest $1b in India over the next 3 years
- Bytedance, the parent company of short-video app TikTok, which recently got banned in India, remains “very optimistic” and plans to pump US$1 billion in its operations in the country over the next three years, The Economic Times reported.
- Bytedance director for international public policy Helena Lersch said that the company has been making its content moderation policies more robust in the past several months.
- The company is also set to boost the number of its employees in India to 1,000 by the end of 2019.
- Bytedance has a host of apps aimed at India’s large population, which includes TikTok-like video-sharing app Vigo Video and Reddit-like site Helo.
Editing by Charmaine de Lazo
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