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How much loss to China after ban on 59 Mobile Apps in india | Ban on TikTok estimated loss of Rs 45000 crore to its parent company: Chinese media

How much loss to China after ban on 59 Mobile Apps in india

new Delhi. China's mobile app ban is estimated to cause huge losses to companies running 59 mobile apps. According to Chinese media, the ban on TikTok alone could cause TikTok's parent company ByteDance to lose $ 6 billion, or about Rs 45,000 crore. China's official newspaper Global Times has reported this by quoting sources.

If there is such a huge loss to the Chinese vibration by banning just 1 mobile app, then it can be estimated that the loss of 59 mobile apps will be a huge loss and how big a blow it can be to China. The parent company of TikTok was also operating another mobile app Helo in India and this mobile app has also been banned. It has also been removed from the Google Play Store and Apple App Store in the country.

Apart from BiteDance Company's TicketLock app, UC Browser owned by e-commerce group Alibaba, UC News App, WeChat of Tencent Holdings and Baidu Inc's map and translation platform are also banned. This ban in India will shock China's Internet companies, as India is the fastest growing mobile market in the world.

Nikhil Gandhi, the head of Tick Talk in India, said in a statement, "The Government of India has issued an interim order to discontinue 59 apps including Tick Talk. We are following this order. We were invited to give our feedback and clarification to the concerned government parties. "

On the other hand, Hello App Group of Bite Dance Group said that it is working closely with all stakeholders to provide clarification. She insisted that she strictly follows all the rules of the country.

Meanwhile, Roposo, a similar app developed in India, said that after the ban, many Ticketock users have come on its platform. It also has people who have been very influential on Tiktok. The company claims that its number of users is more than 6.5 crore.

This post was published on July 2, 2020 12:48 am

Content Team

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