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International

TikTok's parent firm could lose $6 billion due to ban

July 03, 2020 Reprints

China-based technology firm ByteDance Ltd. could lose $6 billion as a result of the Indian government's decision to ban TikTok, Helo and other Chinese applications, Zee News reported citing The Global Times. TikTok's parent company ByteDance's loss would exceed the potential losses of all the other apps combined.

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TikTok's parent firm could lose $6 billion due to ban

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