Virtual Economy: Strike on china’s virtual Products!
TikTok, UC Browser, Shareit, Bigo Live, WeChat are popular apps on the internet world. But due to Indo-China border dispute almost 59 apps are banned in India. Because these Chinese apps have been described as a threat to the country's sovereignty and national security by the Indian government.
What is the impact about the banned?
In the recent time, the paradigm of war is sifted in different format. The digital market is very big issues for many developed countries. India has very big market because of its population. So, The banning of 59 of apps in India could be a major shock to China's digital silk route. This will reduce the financial valuation of Chinese companies.
Economic Impressions
The ban on so many apps at once will hit badly China's information technology sector. Because many of the 59 banned apps are very popular in India. One of them is Tiktok,Tiktok is a product of ByteDance company. They has invested a lot of money in India. It is known that 30% of the total income of Tiktok comes from India. TikTok has 200 million users in India.
In addition, the number of Indian users of apps like Helo, UC Browser, Bigo Live, Bigo Video, MI Video Call, Clean Master is not less. These apps lost a large number of users as they were banned in India. So, loss of users may reduce their profit. Otherwise, Chinese company Alibaba Group has invested in mobile payment app Paytm. Now, Indian are demanding for a boycott of the Paytm.It will be also bad news if they boycott paytm.
The employment is in crisis in the global context of the Corona period. And this incidence also hit the company’s profit as well as their employment.
So, the Virtual strike on china’s tech products is a important message to the world.
It is not cool what happened between the two countries, we are maybe in the convergence to a WWW3.
Yes, you said well
and down your post i talked about us - china conflict what's going on in this world why everyone is fighting ... :(
actually China is the biggest and the most powerful exporter in the world we as a Desi country Pakistan India we cannot neglect the products of China surely because we aren't that much innovative ...
I dont think that this will hit China badly, infact there is a conflict going on between China and India, Many people in India were earjing using these apps too, i think if these apps gets banned in India, many of tge people would loose their future earnings and China's economy is much more powerful and one country wont effect that much.