TikTok parent company Bytedance could lose up to $6bn after India’s app ban: Report


Team Udayavani, Jul 3, 2020, 1:00 PM IST

Indian Government has banned 59 Chinese apps which includes Byte dance’s Tiktok, Vigo Video and Helo apps due to which Bytedance could lose up to $6bnv.

Sources claim, the company had invested more than $1 billion in the Indian market, and the ban could virtually halt ByteDance’s business and cause a loss as high as $6 billion

It is said that TikTok was downloaded 112 million times in May, with 20 per cent of that total in the Indian market

However, India decided to ban the apps as they received complaints from various sources that these apps were misusing user data and transmitting them to servers outside India.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Rahul Gandhi video case: News anchor Rohit Ranjan ‘absconding’, claim Chhattisgarh police

Delhi Shopping Festival in city from Jan 28-Feb 26 next year: Kejriwal

PSI recruitment scam: CID submits charge sheet

Housing sales in Jan-Jun at 9-yr high in top 8 cities; sales see 60 pc annual growth: Knight Frank

Chris Evans to feature with Emily Blunt in ‘Pain Hustlers’

Kerala assembly adjourned after UDF protest over Minister’s anti-Constitution comments

Cloudburst in Himachal, four feared washed away


Related Articles More

Housing sales in Jan-Jun at 9-yr high in top 8 cities; sales see 60 pc annual growth: Knight Frank

SpiceJet shares slide 7 pc; hit 52-week low level

Industry body CII pitches for simplification of GST, reduction in tax slabs

ED conducts raids against Vivo, related companies in money laundering probe

RBI launches next round of survey of manufacturing companies

MUST WATCH

Chandrashekhar guruji case : accused arrested

NEWS BULLETIN 05-07-2022

Heavy Rain : Huge Rock fall in road at madikeri

Land Slide Karnataka Kerala Road Close

Sarala vaastu fame Dr Chandrashekhar guruju killed in Hubballi


Latest Additions

Rahul Gandhi video case: News anchor Rohit Ranjan ‘absconding’, claim Chhattisgarh police

Delhi Shopping Festival in city from Jan 28-Feb 26 next year: Kejriwal

LPG price hiked by Rs 50; rates up by Rs 244 in one year

PSI recruitment scam: CID submits charge sheet

Housing sales in Jan-Jun at 9-yr high in top 8 cities; sales see 60 pc annual growth: Knight Frank

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.