According to The Economic Times citing two sources aware of the matter, the brand new entity will present IT and IT-enabled companies to assist ByteDance’s platforms current throughout the globe. This consists of TikTok, Helo, and Vigo Video, to call a number of.
As a step to speed up the method, the corporate will reportedly file an software with the Department for Promotion of Industry and Internal Trade (DPIIT) within the subsequent few weeks.
“There will be data and technology transfer into India with ByteDance looking to ramp up its workforce in India, a market where the company will look to create a centre of excellence over the near-term,” one of many sources instructed ET.
The new entity will even deal with moderating content material generated throughout its platforms. You may most likely remember that TikTok is usually accused for its poor content material moderation insurance policies. In truth, a coalition of 20 kids’s rights and client advocacy teams within the US filed a grievance towards the corporate for not eradicating movies of youngsters aged under 13, regardless of agreeing to take action in a $5.7 million settlement final 12 months.
TikTok has confronted lots of controversy, together with many individuals deleting their TikTok profiles. Considering the truth that ByteDance is taking some critical steps to keep away from consumer backlash, we may count on stricter content material insurance policies and higher moderation. However, we should wait to see what the corporate has deliberate as a part of its revised methods.