China Will Suffer 100 Crores Due To The Closure Of TikTok, Loss Of Thousands Of Crores Due To 59 Ban

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New Delhi: Taking a big step on Monday, the central government has banned 59 Chinese apps. In such a situation, experts believe that this will cause huge economic losses to the companies that operate Chinese apps and also to China itself. The company is going to incur a loss of Rs 100 crores due to the ban on Tiktok alone. According to this, you can think about how big a loss is going to China.

10 of the five most downloaded Chinese apps
According to a media report, only five of the 10 most downloaded mobile apps in India are from Chinese companies between March and May 2020. These include Tiktok, Zoom, Helo, Uvideo and UC Browser. However, the zoom is not included in the banning apps.

Talking to Cyber ‚Äč‚ÄčExpert and Supreme Court advocate Pawan Duggal said that China will suffer the most due to this. The government should have taken this step earlier. However, it will take at least 12-16 hours for this step to be implemented.

According to Duggal, personal and financial data of Indians from Chinese apps was directly reaching the Chinese government. In such a situation, no data of Indians will reach the Chinese government now. At the same time, the servers of all these companies are also present in China. In such a time, these applications had posed a lot of threat to people’s personal information and national security.

Investments by Chinese companies may be banned
Duggal said that the government should soon start preparing to stop the investment made by Chinese companies in Indian startup companies. In the last five years, about 8 billion dollars have been invested in these startups by Chinese companies.

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