Tiktok Revenue Loss From India

Is anticipating a loss of over usd 6 billion after three of its apps including the hugely popular video app tiktok were banned by india this.

Tiktok revenue loss from india. It garnered 88 5. Tiktok amassed 176 9 million in 2019 71 percent of its all time gross total of 247 6 million. Q4 2019 proved to be the app s best quarter yet for user spending as well. Chinese tech giant unicorn bytedance ltd.

The chinese media outlet the global times has reported that bytedance the parent company of tiktok may lose 6 billion in revenue after india banned 59 chinese apps. Is anticipating a loss of over usd 6 billion after three of its apps including the hugely popular video app tiktok were banned by india this week a. Tiktok is still in the early days of revenue generation having slowly brought in ads over the course of 2019 see below for more detail. India s tiktok ban may have caused losses worth 6 billion usd to chinese parent company bytedance says china s mouthpiece global times.

India s tiktok ban may have caused losses worth 6 billion usd to chinese parent company bytedance says china s mouthpiece global times on 29th june the indian government announced a ban on 59 chinese apps including tiktok vigo uc browser shareit baidu map shein and clash of kings. Bytedance pegged financial losses at 500 000 each day due to indian government s ban on tiktok app which it said includes destruction in the value of its investments and loss of commercial revenue. Besides tiktok india banned on monday 58 other apps with chinese links including the popular uc browser for engaging in activities prejudicial to sovereignty and integrity of. According to chinese state controlled media reports tiktok owner bytedance has invested more than 1 billion to build its vast indian user base and now faces losses of as much as 6 billion as.

Bytedance owned tiktok is targeting 100 crore revenue in india for the july september quarter this fiscal entrackr reported on tuesday. Is anticipating a loss of over usd 6 billion after three of its apps including the hugely popular video app tiktok were banned by india this week a media report here said. Chinese tech giant unicorn bytedance ltd.