There are essentially four types of Chinese apps functioning in India — Economic Activity Apps, Service Oriented Apps, Vanity Apps and Strategic Apps.
The Digital India story is globally tracked. Baidu, Alibaba and Tencent are part of the digital ‘Silk Route’ of China. The ban of the 59 Chinese Apps in India, will negatively impact the valuations of these apps and their respective promoters. Case in point – the upcoming IPO of TikTok – 30% user base comes from India. This will impact the TikTok valuations negatively.