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India was their only market for Chinese company Club Factory $100 million of monthly orders dropped to zero in July. Half of the employees 300 workers, laid offhttps://t.co/uz5J2zzdo8
— Chayan Chatterjee (@Satyanewshi) November 26, 2020
Tech intrusions by Beijing are a digital copy-paste of this rogue nation's physical territorial aggression.
— Gautam Chikermane (@gchikermane) November 25, 2020
India banning another 43 Chinese apps (total: 267) is the right answer.
These bans will continuehttps://t.co/TYEFuYgnpB
My analysis in @orfonline
Capital is fully interoperable - the flight of Chinese capital from India won't be a death knell for the start-up ecosystem..
— Rahul Mathur (@Rahul_J_Mathur) November 26, 2020
The 2010 cohort of start-ups was fueled by Chinese LP $$
The 2020+ cohort will be fueled by European LP $$https://t.co/qadfIxjmLZ
"All the investors were shocked too. No internet people have experienced things like this"
— Partha Sundaram (@ParthaSundaram) November 26, 2020
This is literally the CCP's playbook flipped right back.. I don't agree with these bans but this is bad karma rearing its ugly head https://t.co/H3KnNpigb2
This Chinese company’s only market was India. It’s app got banned & sales dropped to zero and investment of $100 mn gone. https://t.co/fGGKevSYK5
— Yusuf Unjhawala ?? (@YusufDFI) November 26, 2020
The Chinese e-commerce app Club Factory invested $87.5m in India. Its business crumbled overnight following a ban provoked by an ongoing India-China border clash.https://t.co/pIsCLz1plZ
— Sadanand Dhume (@dhume) November 27, 2020
India did not write them off when the tech companies applied to the Indian authorities years ago. They have grown big and successful in India and here came the convenient border dispute. So these Chinese firms were not NS threats then but they are now? https://t.co/qJBT8ZFS1n
— ZouYue (@ZouYueTweets) November 26, 2020
India bans AliExpress and another 42 Chinese apps more. The list is 175 total now https://t.co/3XDkBZQjfP
— Alex B ? (@somospostpc) November 24, 2020
As India moves to ban more Chinese apps, the months of limbo have persuaded one leading startup to give up on the market. By @rwmcmorrow https://t.co/MjAKpurRsZ
— malcolmmoore (@MalcolmMoore) November 26, 2020
"At this point, there doesn’t appear to be any Chinese app left in the top 500 apps used in India." @refsrc https://t.co/lqO88gRBay
— Zack Whittaker (@zackwhittaker) November 24, 2020
Amusing to see how a biz that went from $100 Mn monthly to zero still prefers to demand an apology from the country that gave them this biz for so long, as opposed to questioning the country which triggered the chain of events and does this ever-so-often?♂️https://t.co/ayD8IqMyVX pic.twitter.com/c54jD25CET
— Subrahmanyam KVJ (@SuB8u) November 27, 2020
Not content with destroying the relationship with the US China’s largest export destination, Xi’s foreign policy has now destroyed the bilateral with India - and its market of 1.3bn consumers. Despite Beijing’s incrementalism, a backlash is growing. @FT https://t.co/vOQwtXpo9z
— John Hemmings (@JohnHemmings2) November 26, 2020
Why PM Modi’s ban on Chinese apps is way more resounding than it seems. DON’T MISS!
— Vinayak (@vinayak_jain) November 27, 2020
First some highlights from this article.
Club Factory is a Chinese venture that sold cheap fashion and homewares. Last year it raised $100m to expand in India.https://t.co/511wBZRv6S
This Chinese company’s only market was India. It’s app got banned & sales dropped to zero and investment of $100 mn gone. https://t.co/fGGKevSYK5
— Yusuf Unjhawala ?? (@YusufDFI) November 26, 2020
India was their only market for Chinese company Club Factory $100 million of monthly orders dropped to zero in July. Half of the employees 300 workers, laid offhttps://t.co/uz5J2zzdo8
— Chayan Chatterjee (@Satyanewshi) November 26, 2020
Chinese tech companies write off India https://t.co/g8FOd9QlSH
— FT China (@ftchina) November 26, 2020
This #Chinese company’s only market was India. It’s app got banned & sales dropped to zero and investment of $100 mn gone.@anandmahindra @kusumanjalising@IGeetaSharma @dharam2509@25rubybaruah @Slea_Zilla
— SunilKapoor 4 #Plasma,Free #Cancer other Treatment (@sunilkapoor8) November 26, 2020
Say no to #ChineseVirusCompanieshttps://t.co/GOnI3L4TYw
Chinese tech companies write off India:
— manav (@manavjivan) November 27, 2020
LOLhttps://t.co/E1RFNoF4hA
“In a stroke, almost all of China’s top apps were wiped from Indian phones” https://t.co/vuBm7VocIb
— Mathias Vermeulen (@mathver) November 26, 2020
India gave a bloody nose to China by economically hitting them where it hurts. When will you rise and shine @ScottMorrisonMP #Auspol? @FAustralians @TreforJones2 @bueller_tom @LordHiver https://t.co/0qkd5kBoaA
— Crazee_Fantom (@Crazee_Fantom) November 26, 2020
Amusing to see how a biz that went from $100 Mn monthly to zero still prefers to demand an apology from the country that gave them this biz for so long, as opposed to questioning the country which triggered the chain of events and does this ever-so-often?♂️https://t.co/ayD8IqMyVX pic.twitter.com/c54jD25CET
— Subrahmanyam KVJ (@SuB8u) November 27, 2020
Chinese tech companies write off India | Financial Times https://t.co/UdLEMVKyYX
— Jyotsna Mehra (@JyotsnaMehra) November 26, 2020
Capital is fully interoperable - the flight of Chinese capital from India won't be a death knell for the start-up ecosystem..
— Rahul Mathur (@Rahul_J_Mathur) November 26, 2020
The 2010 cohort of start-ups was fueled by Chinese LP $$
The 2020+ cohort will be fueled by European LP $$https://t.co/qadfIxjmLZ
Chinese tech companies write off India
— Paul Triolo (@pstAsiatech) November 27, 2020
Start-ups face huge losses as New Delhi issues fresh bans on Chinese apps https://t.co/QSxXB75buC
good, stay away.
— mukul ?? (@MukulAgarwal66) November 27, 2020
Chinese tech companies write off India https://t.co/0NVZ64f1il via @financialtimes
#Katyayan #BananaRepublic #HinduRashtra #HinduTerror #RSSTerrorists #ModiMadeDisaster #AtmaNirbharBharat #ChinaComesModiRuns #ModiLies#CowardModi #povertyofdignity #chineseappban
— KATYAYAN VAJPAYEE (@KVajpayaee) November 26, 2020
Financial Times: Chinese tech companies write off India.https://t.co/BrWXj0jpvu
Chinese tech companies write off India https://t.co/enduoVTvMd via @financialtimes
— Adam Segal (@adschina) November 26, 2020
Chinese tech companies write off India. Club Factory’s $100m worth monthly orders from India dropped to zero after the app ban.
— Venkat Ananth (@venkatananth) November 26, 2020
If and when the ban is lifted, Club Factory founder Aaron Li "wants an apology before he re-enters the market” https://t.co/FSXq5fhA0O
"Even if India relaxes the ban, he (Chinese entrepreneur Li) said he wanted an apology before he re-entered the market." Good luck with that.https://t.co/mdk3u3UHLx
— Sreemoy Talukdar (@sreemoytalukdar) November 26, 2020
Chinese tech companies write off India https://t.co/r4FtQA3Qbe via @financialtimes
— Martijn Rasser (@MartijnRasser) November 26, 2020
China lashes out at India app block, UK 5G ban https://t.co/OsHaQ4gUSw by @eileenscyu
— ZDNet (@ZDNet) November 25, 2020
China is an opportunity for India — not a threat, Beijing says as more apps are banned https://t.co/c3qZV4c5RX
— CNBC Tech (@CNBCtech) November 26, 2020
“Digital strike”: Chinese tech companies write off India
— Adam Tooze (@adam_tooze) November 26, 2020
Start-ups face huge losses as New Delhi issues fresh bans on Chinese apps following Himalaya clashes in the summer. https://t.co/FPJhKi9eSi pic.twitter.com/xlOQHqTbZl