TikTok could lose over $6 billion from India's ban: Report
  • 4 years ago
In a letter to the Indian government dated June 28th, TikTok Chief Executive Kevin Mayer said the Chinese government has never requested user data, nor would the company turn it over if asked. On the other hand, according to a report published by The Global Times, the loss of Chinese internet company ByteDance (mother company of Tik Tok) could be as high as USD 6 billion after Indian government banned 59 Chinese apps including Tik Tok, following deadly border clash between Indian and Chinese troops last month.