Chinese tech giant unicorn ByteDance Ltd. is anticipating a huge loss of over USD 6 billion after ban on its 3 apps including hugely popular video making TIK TOK app in India. The decision was taken by indian government in wake of unfortunate clash in Galwan valley in Ladakh between Indian and Chinese soldiers which led to death of 20 Indian brave soldiers and more number of casualties in Chinese camps.
Besides TikTok , India on last Monday banned 58 more Chinese apps including Club Factory, UC Browser and Share it apps for engaging in activities prejudicial to sovereignty and integrity of India, defence of India, security of India and public order.
The Chinese government has been angry over the decision and want us to take back the decision. However the ban period is not clear and the banned apps are claiming that they have not revealed any information to foreign countries even China.
A top official said the government had considered all aspects before taking the decision. “These apps have been there for a long time, and there are some privacy and security issues with them including risks of data going out of the country,” said the person.
The statement from the Ministry of Electronics and IT (MeitY) said it had received complaints from various sources, including several reports about the misuse of some mobile apps for stealing and surreptitiously transmitting users’ data in an unauthorised manner to servers outside India.
The ban would surely help in bringing Indian alternatives for the Chinese apps and reduce the dominance of Chinese products in Indian market.