India ban could hit TikTok parent company to the tune of $6bn

Ruben Fields
July 3, 2020

India's Prime Minister Narendra Modi quit ubiquitous Chinese social media platform Weibo to send a strong message to Beijing on the border issue, economic front and at "personal level too", the Press Trust of India news agency cited his party leader B.L. Santhosh as saying. He had more than 200,000 followers and 100 posts before the account was shut on Wednesday.

The ministry of information technology said that the apps are engaged in activities "which is prejudicial to sovereignty and integrity of India, defence of India, security of state and public order".

"We are committed to working with the government to address its concerns". The tensions escalated since a deadly clash that took place on the border at Galwan Valley, Ladakh in June.

As of Thursday, India has reported more than 604,000 active cases and close to 18,000 deaths.

This time it's not the USA, but India that is creating headaches for some of China's leading tech names, following a weekslong territorial dispute on the two countries' shared border in the Himalayas.

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If successful, she has said that any money she wins will be donated to an anti-bullying charity. He claimed that this as part of a wider "intrusive" campaign of stories against her.

Meanwhile, reacting to the apps ban, China's Ministry of Commerce said on Thursday it hopes India would correct its discriminatory actions against Chinese companies immediately.

China has not adopted any restrictive or discriminatory measures against Indian products and services, Ministry of Commerce spokesman Gao Feng told reporters in an online briefing, adding that India's actions are in violation of World Trade Organisation rules. Shortly after the government's decision came in public earlier this week, TikTok India head Nikhil Gandhi also responded to the ongoing restrictions and said that it was in the process of complying with the "interim order" passed by the government.

The banning of TikTok, which had amassed almost 200 million users in India, has led to a rise in popularity of its Indian alternatives. "On Weibo, it is hard to remove posts with the photo of their president", the source said.

While ByteDance is feeling the pain most sharply, another banned Chinese app in India is also feeling a reputational pinch after losing one of its highest-profile local users following the ban. Foreign social media platforms such as Facebook and Twitter are blocked in China.

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