Indian regional social media corporate, ShareChat, has welcomed the government’s transfer to ban 59 Chinese apps within the nation. The ban contains Helo, an app owned by way of Chinese Bytedance, which is an immediate competitor to ShareChat and had accrued 50 million per thirty days energetic customers by way of June remaining yr.
“This is a welcome move from the government against platforms that have had serious privacy, cyber security and national security risks. We expect the government to continue their support for the Indian startup ecosystem” stated Berges Malu, Director, Public Policy, ShareChat.
The Twitter-backed corporate has over 60 million per thirty days energetic customers and is valued at between $600 and $650 million. The government’s transfer may if truth be told be of enormous receive advantages to Sharechat. The listing additionally contains TikTok (owned by way of Bytedance) and Likee (owned by way of Singapore-based Bigo Technologies), either one of that have a identical goal person base as Sharechat. All those platforms get the lion’s percentage in their person bases from tier II and tier III spaces of the rustic.
The government’s listing additionally contains names like UCBrowser and UCNews, either one of that are owned by way of the AliBaba Group. Tencent owned WeChat has additionally been banned, and two of smartphone maker Xiaomi’s apps — Mi Video Call and MI Community — also are on the listing. While the government’s listing does say Mi Video Call, Xiaomi doesn’t if truth be told have an app by way of that title right here, so it’s most probably that the Mi Video app, which is a video aggregation platform, has been banned.
The Ministry of Electronics and Information Technology (MeitY) cited safety issues in banning those apps.