How many million dollars loss to Bytedance will be due to the ban of TikTok, here’s how

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How many million dollars loss to Bytedance will be due to the ban of TikTok, here's how
How many million dollars loss to Bytedance will be due to the ban of TikTok, here's how

How many million dollars loss to Bytedance will be due to the ban of TikTok, here’s how

The government’s ban on 59 Chinese apps will be the loss to all companies, but it will also hurt Bytedance, the company that operates TikTok.

The government’s ban on 59 Chinese apps will be the loss to all companies, but it will also hurt Bytedance, the company that operates Ticketlock. A report published in China’s state-made global times said bytedance alone would lose Rs 45,000 crore (600 crores).

India did not have much income
According to our associate website zeebiz.com, TikTok did not earn much from India. However, it was among the countries where it was most downloaded. In view of this, Bytedance had also made the highest investment in the country. Chinese investors and businessmen have been the worst shocked by the government’s move.

The government has banned these apps
The central government on Monday banned most of the major Chinese apps such as Tiktok, Shareite, UC Browser, Baidu Map, Helo, Mi Community, Club Factory, WeChat, UC News. Law and information broadcasting Ravi Shankar Prasad said the government banned these apps because it was posing a threat to the unity, integrity, defence of the country.

Huge damage to Chinese artificial intelligence and machine learning
Cyber expert Pawan Duggal says China has set a target of creating the world’s most advanced artificial intelligence and machine learning by 2030.

Data from Chinese apps in the country is only in the process of creating the most advanced technology (Advance Technology). If the flow of data being collected from India is broken, the work of their artificial intelligence project will be severely affected. With this project, the Chinese government is dreaming of earning billions of dollars. India’s new decision could wind up this huge budget project.

Why Chinese apps fly so much money in the country
Another expert in the case points out that Chinese apps such as TikTok, Helo, UC News and Likee are offering their services to the common people for free.

In appearance, they are just apps with dance, photo sharing, acting and entertainment. But in fact, these apps record one movement each from each user’s phone. For example, mobile conversations, typing, videos and locations are all recorded through these apps. The same data is inserted into China’s Great Project Artificial Intelligence and Machine Learning to make it the most advanced. That’s why these apps offer users up to thousands of rupees to make videos.

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