Regional News • Asia • India
2021-04-01T12:00:01+00:00

India blocked bank accounts of China's ByteDance

India blocked bank accounts of China's ByteDance
Credit: Illustration: Pendect, Ashley Winkler – Logo via TikTok (Creative Commons Attribution ShareAlike 4.0)

ByteDance in January cut its Indian workforce after New Delhi decided to retain a ban on its popular video app TikTok, first prohibited last year following a border clash between India and China. The authorities also directed Citibank and HSBC to prevent ByteDance India from withdrawing funds from any other bank accounts linked to its tax identification number, the first source said.

The move was widely linked to India's broader pushback against Chinese businesses after clashes at a disputed Himalayan border site left 20 Indian soldiers dead.

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