Saturday, May 31, 2025

Latest

India Bans 59 Chinese Mobile Apps Amid National Security, Sovereignty Concerns

It appears that yet another blow has been dealt to China. According to a press release issued by India’s government, a total of 59 various Chinese mobile apps are now banned from use within the country, some of which include the popular social media platform TikTok, Clash of Kings, and WeChat, among others. The move comes amid escalating tensions after the two countries exchanged in border clashes several weeks ago.

According to the Indian government, the now-banned mobile applications were stealing and transmitting the unsuspecting user’s data to sources outside of India without authorization. As such, India considers such a misuse of technology an infringement of sovereignty and national security.

Such a move is certainly a significant downfall for China, especially to its Digital Silk Route Prospects. The companies that created the now-banned mobile apps will most likely decrease in valuation, and an increased threat of other countries following India’s suit could very well arise. Furthermore, given that India’s population accounts for a significant portion of usage of such apps, China’s new market share loss will benefit domestic apps or US apps.

Information for this briefing was found via The Economic Times and BBC News. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

Alamos Gold Q1 Earnings: The Inside Scoop

Cerrado Gold Q4 Earnings: The Turnaround is Working

B2GOLD Q1 Earnings: Revenue Up, Production & Cash Flow Decline

Recommended

Canadian Copper: The $172M Combined Strategy PEA

ESGold Begins Concentration Tests Ahead Of First Production

Related News

US$2.8 Billion Worth of Loans Found To Be Backed by Chinese Counterfeit Gold

Not only is the Chinese province of Hubei now infamously known as where the deadly...

Tuesday, June 30, 2020, 11:48:24 AM

Gold, Silver, Crude Sent Plummeting Amid China’s Covid-19 Resurgence, Russia-Ukraine War Escalation

Gold, silver, and oil fell sharply on Monday morning, as traders’ demand for commodities soured...

Monday, April 25, 2022, 12:17:00 PM

Fitch Ratings Reaffirms China’s A+ Credit Rating Amid Strong Coronavirus Recovery

While much of the US economy continues to struggle through the coronavirus pandemic, it appears...

Wednesday, July 29, 2020, 08:43:00 PM

China Mulls Forcing US-Listed Companies to Surrender Data Management to 3rd Party Firms

Beijing is coming down with even tougher regulations on foreign exchange-listed companies, by proposing that...

Monday, August 23, 2021, 01:58:10 PM

Taiwan Detains Chinese Crew Near Cut Undersea Cable, Beijing Denies Sabotage

Taiwan’s coast guard has detained a vessel with Chinese crew members that it claims was...

Wednesday, February 26, 2025, 02:53:00 PM