TikTok predicts over USD 6 billion loss from India's ban: Chinese media report

The USD 6 billion amount is most likely more than the combined losses for all the other Chinese apps banned by India, China's Caixinglobal. com reported.

Published: 04th July 2020 08:02 AM  |   Last Updated: 04th July 2020 08:02 AM   |  A+A-

Highly popular app like TikTok is just one among the 59 banned Chinese apps.

For representational purpose. (Photo | AP)


BEIJING: Chinese tech giant unicorn ByteDance Ltd. is anticipating a loss of over USD 6 billion after three of its apps, including the hugely popular video app TikTok, were banned by India this week, a media report here said.

Besides Tiktok, India banned on Monday 58 other apps with Chinese links, including the popular UC Browser, for engaging in activities "prejudicial to sovereignty and integrity of India, defence of India, security of state and public order".

The ban came in the wake of the ongoing stand-off along the Line of Actual control in eastern Ladakh with Chinese troops.

The USD 6 billion amount is most likely more than the combined losses for all the other Chinese apps banned by India, China's Caixinglobal. com reported, quoting sources close to the company's senior management.

ByteDance became one of China's latest homegrown technology companies to run into growing resistance from foreign governments wary of the perceived ties to the Chinese government and concerns about protecting user data, it said.

Describing India's ban of 59 China-developed apps as unprecedented, the report said it is a huge blow to the global expansion of TikTok, which is touted as the most popular Chinese app overseas.

India is its largest market in terms of users outside China, where the service is called Douyin.

ALSO READ | Tik Tik - Made in India: A Malayali app to beat ‘tiktok ban’ blues

The ByteDance apps banned were its short video platforms TikTok and Vigo Video, as well as its social networking app Helo.

Tencent's messaging platform WeChat and five of its other apps were also banned.

Other big tech China firms, including Alibaba Group Holding Ltd.and Baidu Inc., also had their products banned.

All the 59 apps have now been removed from Apple Inc. and Google LLC's app stores for the Indian market.

TikTok was downloaded in India 611 million times in this year's first quarter, equating to 30.3% of its total downloads worldwide in the quarter and nearly double the total number of India downloads for all of 2019, the report quoted another publication, SensorTower, as saying.

The consequences of India's latest decision could be more long-lasting, analysts told Caixin.

Responding to the Indian government's move, TikTok said it would fully comply with the decision.

ByteDance employs over 2,000 full-time local staff in India.

Stay up to date on all the latest Business news with The New Indian Express App. Download now


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp