I have a conspiracy theory here. Alibaba & AliExpress are missing in that banned list. This seems more like a direct hit on ByteDance rather than China.
Facebook recently invested in Reliance Jio. There have been other investments from Silver Lake, Vista Equity Partners etc.
TikTok is a big threat to FB, Instagram & YouTube. ByteDance apps TikTok, Vigo Video, Helo have around 300 million users in India. Facebook user base is 280 million. ByteDance had more apps planned for this year.
Banning BD is a big win for Facebook & Reliance. Government also get's to score a few points in this coronavirus mess.
I don't understand what's the objective here. Banning these apps will have 0 or little financial impact on China. This seems more like a publicity stunt. Banning Alibaba would have been a bold move.
> I don't understand what's the objective here. Banning these apps will have 0 or little financial impact on China
The intent is not financial. The intent is to block the direct access that China has to manipulate and shape opinions inside India. It's to prevent China from opening another front in it's ongoing war with it's neighbors.
Facebook recently invested in Reliance Jio. There have been other investments from Silver Lake, Vista Equity Partners etc.
TikTok is a big threat to FB, Instagram & YouTube. ByteDance apps TikTok, Vigo Video, Helo have around 300 million users in India. Facebook user base is 280 million. ByteDance had more apps planned for this year.
Banning BD is a big win for Facebook & Reliance. Government also get's to score a few points in this coronavirus mess.