Caixin Global – Latest China News & Headlines

Home >


CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

JD Logistics Takes Pitches from Banks for Planned Hong Kong IPO in 2021
New Rules Derail Mega Livestreaming E-Commerce Deal
Trending in China: Why Are People Queuing Eight Hours and Paying $30 for a Cup of Milk Tea?
Trending in China: Teacher Assaulting Children Raises Question About Role of Volunteers in Education
‘Look, No Hands!’ - AutoX Rolls Out China’s First Self-Driving Fleet Without Safety Drivers
U.S. Firms Deny Selling to China Military, as Washington Prepares New Blacklist
Baker Bros. Advisors Sells ADSs in BeiGene Just Months After Buying Shares
Trending in China: Sharing Students’ Grades Online – The Fine Line Between Motivation and Public Shaming
Tesla Rival Li Auto Plans New Share Sale to Bankroll R&D
Alibaba Logistics Arm Chills with Ethiopian Airlines to Transport Covid-19 Vaccines
U.S. Blacklist of Chinese Tech Firms Continues to Grow
China's Bluetooth Audio Chip King Set For $741m Shanghai IPO
U.S.-Blacklisted Hikvision Zooms in on COVID Tracking Demand Reports First Quarterly Profit of 2020 as Travel Recovers
Xiaomi Raises Nearly $4 Billion Through Sale of Shares and Bonds
Baidu Leads China in AI Patent Applications and Ownership
Trending in China: Now Forbidden on China’s Trains
Chinese Biopharma Firm Pegbio Nets $122m in Pre-IPO Round From YF Capital, Yingke, Others
NEV Makers Nio and Xpeng Keep Revving Up Sales, But Investor Unimpressed
Britain Bans Installation of New Huawei 5G Equipment from September 2021 in Major U-Turn
India Ban Could Hit TikTok’s Parent Company to the Tune of $6 Billion

By Yang Ge / Jul 02, 2020 01:28 PM / World

Photo: IC

Photo: IC

China is quickly finding out the cost of clashing with one of your 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 following a weeks-long territorial dispute on the two country’s shared border in the Himalayas. That clash has resulted in fatalities, casualties, and a concurrent war of words, including calls among Indian consumers to boycott Chinese products.

New Delhi joined the fray earlier this week by banning 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 is telling Caixin the ban could come with a heavy price tag, costing the company more than $6 billion in lost revenue — a sum greater than all the losses suffered by the other 58 banned apps combined.

India is TikTok’s largest market outside China in terms of users, where the service is called Douyin. The app was downloaded in India 611 million times in this year’s first quarter alone, nearly double the total number of downloads for all 2019, according to SensorTower.

While ByteDance is feeling the pain most sharply, another banned Chinese app in India is also feeling a reputational pinch after losing one of its highest-profile local users following the ban. That move saw Indian Prime Minister Narendra Modi cancel his official account on Weibo, the Chinese equivalent of Twitter, with the removal of his headshot and more than 100 posts over the last five years, according to India’s The Hindu.

Contact reporter Yang Ge (

Related: India’s TikTok Ban Latest Overseas Setback for China Tech

Share this article
Open WeChat and scan the QR code