TikTok predicts over $6B loss from India's ban

UC Browser

Source Harish Jonnalagadda Android Central

And the striking move by the Indian government has affected the maker significantly.

Along with 58 other Chinese apps, including Tencent Holdings Ltd's WeChat and Alibaba Group Holding Ltd's UC Browser, it was banned in India this week following a border clash with China.

Indians have rushed to download social app Chingari, a desi alternative to Chinese TikTok, which is witnessing almost 1 lakh downloads and over 2 million views per hour since the government banned 59 Chinese apps over national security concerns.

Prime Minister Narendra Modi, who has a huge social media profile, threw his weight behind the campaign by closing his account on China's Weibo platform on Wednesday.

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Everyone is aware of the huge potential of the market and the scale products can achieve if they can satisfy the demand, he said. China was among the countries to strongly condemn the move, raising it at worldwide forums including the U.N.


Sumit Ghosh, Co-Founder and Chief Product Officer of Chinagri app said the step taken by the government was good and welcomed TikTok users to try the app.

"If we do ever receive such a request in the future, we would not comply", adding that the Indian users' data were saved in a secured server in Singapore.

ByteDance became one of China's latest homegrown technology companies to run into growing resistance from foreign governments wary of the perceived ties to the Chinese government and concerns about protecting user data, it said.

The $6 billion amount of money is most likely extra than the combined losses for all the other Chinese applications banned by India, China's Caixinglobal.com documented, quoting resources near to the firm's senior administration. However, the short video platform won't be taking any legal action against the ongoing ban. It had 200 million users in India. A VPN is regarded as a powerful tool that offers users online privacy and security by creating a private network from a public internet connection.VPN creates a cover that hides the IP addresses of the users so that their online activities remain untraced.

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In addition to that, Naveen Tewari, chief executive of owners InMobi stated that the social video platform Roposso has acquired almost 10 million new subscribers, bringing its user base to 75 million. The Chingari social app has now crossed 10 million+ downloads on Google Play Store.

"Such opportunities don't come easily", he added.

Apple has been requiring app developers to seek the user's permission before being able to access certain aspects of the device such as the photo library, the camera, or the microphone, among others.

An inter-ministerial committee has been set up to investigate data-sharing practices of the banned Chinese apps and will begin hearings in the matter next week.

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