Blaise Fernandes, director, Gateway House, said there were essentially four types of Chinese apps in India — economic, service oriented, vanity, and strategic. “The Digital India story is globally tracked. Baidu, Alibaba, and Tencent are part of the digital ‘Silk Route’ of China. The ban of the 59 Chinese apps in India will negatively impact the valuations of these apps and their respective promoters,” Fernandes said. The official referred to the upcoming IPO of TikTok
and said: “Almost 30 per cent of its user base comes from India. This (ban) will impact TikTok’s valuations negatively.”
However, most home-grown start-ups and Confederation of All India Traders welcomed the move. The CAIT said it was a “big support” to its “Boycott Chinese Goods” campaign. Berges Malu, director (public policy) at ShareChat, a social media start-up, said: “This is a welcome move against platforms that have had serious privacy, cyber-security and national security risks.”
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