After the Galwan Valley incident, the popular idea that's resonating with a lot of Indians is that they should boycott Chinese goods and services. This, mind you, is not limited to just Chinese smartphones and electronic gadgets. People are trying to boycott everything that originates from China, in order to "teach China a lesson".

Well, it's safe to say that a lot has changed since the whole anti-China movement began. Even the government has stepped in and has banned the use of a bunch of Chinese apps. Today, we'll be taking a look at some Chinese companies and how the whole anti-China movement has affected them.

Reuters

TikTok was one of the first Chinese apps to get banned in India during the first wave of the apps ban by the IT Ministry. It's been a few months since the app has been banned in India. The app's parent company Bytedance has lost a significant amount of money due to the ban.

According to a report by China's state-run media The Global Times, ByteDance could lose up to $6 billion( Rs 45k crore) after the Indian government decided to ban them.

MensXP/Akshay Bhalla

It has only been a few days since PUBG Mobile was banned in India. However, we've already started seeing its effects. Chinese technology giant Tencent lost $34 billion in market value in one day after India banned the popular battle royale game PUBG Mobile in the country. Now that's a huge number.

Reuters

Vivo's parent company, for those of you who don't know, is BBK Electronics, which is a Chinese company. Following the whole boycott China movement, a lot of people started raising questions on the BCCI asking them why they haven't taken a call on VIVO being title sponsors. It led to protests and calls to boycott the IPL itself, following which the decision was taken to drop them as the title sponsors.

There's also an on-going report that both Huawei and ZTE are to be kept out of India's plans to roll out its 5G network. This is primarily due to the rift between the two countries and the boycott China movement is not helping their case at all. This is also a massive blow to both the companies here, even though it may not seem like a huge deal to most people.

Photo: MensXP/Akshay Bhalla (Main Image)

Excerpt from:

These 5 Tech Giants Have Been Hurt Badly By Boycott China Movement & Have Lost Billions - MensXP.com