The venture will leverage the sturdy distribution network of Den Networks and Snapdeal’s wide product vary and more than 30,000 vendors. TikTok’s father or mother firm, ByteDance, has chosen the software program giant to be its U.S. expertise partner, an association that may more than likely give Oracle oversight over knowledge on American users.
The firm had reported a net lack of Rs 39.32 crore within the corresponding period a 12 months in the past. Shares of Network18 Media and Investments have been trading at Rs 25.ninety on the BSE afternoon.
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