In Brief: ByteDance hands out bonuses to India employees despite TikTok-Helo ban

In Brief: ByteDance hands out bonuses to India employees despite TikTok-Helo ban
Photo Credit: VCCircle
28 Sep, 2020

Chinese technology company ByteDance has been doling out cash bonuses, going up in lakhs of rupees, to its Indian employees, who are hopeful of being absorbed under a global deal, according to an Economic Times report, citing sources. The move is in line with a global announcement through an internal memo, the report said, adding that bonuses for a set of mid senior to senior employees ranged between Rs 1 lakh and Rs 4 lakh. ByteDance has 2,000 employees in the country. The news comes at a time when Bytedance apps TikTok and Helo are banned in India

Related: Timeline: Whose TikTok is it anyway?

New Chinese apps surface in popularity, similar to those banned

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Campus Fund calls for applications for student entrepreneurs contest

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Paytm rolls out stockbroking services

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Locus, Vinculum announce omnichannel commerce partnership

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PhonePe sets up 7 new categories for mutual funds services

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upGrad announces first international business CEO 

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