The central government has banned a total of 59 Chinese apps, including popular Chinese apps TickTok, Shareit and WeChat, citing security and privacy. Amid tensions with China, there have been requires a ban on these apps. These apps have billions in business in India and most of their downloads are in India. Other popular Chinese apps facing ban include popular apps like UC Browser, UC News and MI Community. The govt. has banned Chinese apps that are primarily of a non-financial nature. Chinese giants Alibaba, Baitdance, Baidu, Tencent, etc. have invested heavily in these apps. In India, an outsized a part of their downloads. Therefore, these companies can incur huge financial losses. Their valuation may additionally be affected. About 50 per cent of India's total app downloads come from Chinese apps.
Heavy damage to TikTok owner BiteDance
In the banned app, 30 per cent of the foremost popular TickTok users in India are Indians and about 10 per cent of its revenue comes from India. This app is operated by the Chinese company Bitdance. India is that the largest marketplace for Tiktok. Tiktok has 200 million subscribers. Last year, it had 81 million monthly active users in India who spent 5.5 billion hours on that.
Significantly, the market cap of the Chinese company ByteDance is around Rs 110 billion. ByteDance owns not only TikTalk but also many popular app has been app. In India, it operates under the name Byddance India Services Limited. Not only that, Vigo Video App is additionally owned by ByteDance.
Income of Tiktok from India
ByteDance has also acquired Musically in 2018. Tiktok had earned Rs 25 crore in India within the quarter from October to December 2019. The company's revenue from in-app ads continued to grow. The corporate had set a revenue target of Rs 100 crore this year.
One billion dollar investment plan
The company had planned to put money into 1 1 billion in India over the subsequent three years. Not only that, the corporate aimed to extend the amount of its employees in India to 1,000 this year.
A part from TikTok, India was also an enormous marketplace for other banned apps like Share It, UC Browser, UC News, Like, WeChat, Vigo, Cam Scanner, Clean Master. UC Browser became the second largest browser within the country after Google Chrome.
Also huge damage to UC browser China's UC browser had also become very hip in India, which is now banned. it's owned by Chinese giant Alibaba. It claims to be the most important third party mobile browser within the world. It's been installed by around 1.10 billion people worldwide, of which about half is in India.
Here is that the complete list of Ban Chinese apps:
1. TikTok
2. Shareit
3. Kwai
4. UC Browser
5. Baidu map
6. Shein
7. Clash of Kings
8. DU battery saver
9. Helo
10. Likee
11. YouCam makeup
12. Mi Community
13. CM Browers
14. Virus Cleaner
15. APUS Browser
16. ROMWE
17. Club Factory
18. Newsdog
19. Beutry Plus
20. WeChat
21. UC News
22. QQ Mail
23. Weibo
24. Xender
25. QQ Music
26. QQ Newsfeed
27. Bigo Live
28. SelfieCity
29. Mail Master
30. Parallel Space 31. Mi Video Call – Xiaomi
32. WeSync
33. ES File Explorer
34. Viva Video – QU Video Inc
35. Meitu
36. Vigo Video
37. New Video Status
38. DU Recorder
39. Vault- Hide
40. Cache Cleaner DU App studio
41. DU Cleaner
42. DU Browser
43. Hago Play With New Friends
44. Cam Scanner
45. Clean Master – Cheetah Mobile
46. Wonder Camera
47. Photo Wonder
48. QQ Player
49. We Meet
50. Sweet Selfie
51. Baidu Translate
52. Vmate
53. QQ International
54. QQ Security Center
55. QQ Launcher
56. U Video
57. V fly Status Video
58. Mobile Legends
59. DU Privacy
It was really one of the great losses to the Chinese app.