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ByteDance may lose $6 billion after ban on TikTok, Hello in India

Shortpedia

Content Team

According to the Chinese state media, ByteDance, the parent company of TikTok, Hello and Vigo Video may be looking at a loss of nearly $6 billion, owing to the ban on the apps by India. "The company had invested more than $1 billion in the Indian market, and the ban could virtually halt ByteDance's business there. That figure would exceed the potential losses of all the other apps combined," Global Times wrote.