India’s ban could hit TikTok’s parent company with the loss of $6 Billion
After its unabated intrusion in India’s territory which ultimately led to the death of 20 Indian soldiers in a bloody clash between Indian and Chinese troops in Galwan valley on June 15, China is now finding out the cost of clashing with one of its major trading partners.This time it’s not the U.S., but India that’s creating headaches for some of China’s leading tech names. The brutal clash and a concurrent war of words, has led to calls among Indian consumers to boycott Chinese products.The Indian government earlier in July banned 59 Chinese apps, including the hugely popular TikTok video sharing app that boasts more than 120 million local users.Now, an insider at TikTok parent ByteDance has said that the ban could come with a heavy price tag, costing the company more than $6 billion in l...