Demand for the boycott of Chinese goods is arising across the country amidst India-China clashes on the border. Meanwhile, the Modi government has decided to ban 59 apps from China, which has many popular apps including Tik Tok. Let us know how popular the Tik Tok app is in India, how many users it has in India and how much China earns from India through this app.
Every youth is drawn towards it. Many people went from Tik Tok to Star. This product of the Chinese company Bytedance is used by about 119 million people in India. The same company has also launched the Helo app in India, which has around 50 million monthly users. This Chinese app gives a tough competition to India's Sharechat app.
How much does China earn from Tik Tok?
According to a report, BiteDance company, who owned Tik Tok, made a profit of $ 3 billion, or Rs 22,500 crore last year. Let us know that the company earned $ 7.4 billion in 2018, which increased to $ 17 billion in 2019. This earning is not only from Tiktok but also from other products including Hello.
If we talk about Tik Tok only, the company had an income of Rs 377 crore in the fourth quarter of 2019. Tik Tok's earnings grew year-over-year by 310 times in the fourth quarter. In the entire 2019 financial year, the company earned around 720 crore rupees only through Tik Tok. China will incur a loss of about 720 crore rupees every year only due to the closure of this app.
TikTok downloaded over 2 billion times
TikTok was launched in 2016, So far this app has been downloaded more than 2 billion times. In this app, people make short videos and do lipsing on pre-recorded songs or dialogues. Many people have also become celebrities by making videos on Tik Tok.
So if we see the statistics, then it's very clear that India was the reason to grow the Chinese economy till now, but yesterday the Indian government has banned all these Chinese apps and it's the best decision taken by the Indian government.
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