financetom
Business
financetom
/
Business
/
Indian video-sharing apps surge in popularity on TikTok ban
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Indian video-sharing apps surge in popularity on TikTok ban
Jul 3, 2020 7:29 AM

Indian tech and entertainment firms are looking to capitalise on sudden opportunities arising from a government ban on Chinese owned apps, including the wildly popular TikTok, with one rival video app saying it had added 22 million users in 48 hours.

India this week outlawed 59 Chinese-owned apps including TikTok and Tencent's WeChat, in what was described as a "digital strike" against China by the country's technology minister.

The move followed a confrontation between India and China at a disputed Himalayan border site, which left 20 Indian soldiers dead.

With 200 million Indians users, TikTok, which features a simple user interface, background music options and various special effects, was a burgeoning force in the nation's social media scene and the ban left its fans scrambling for options.

Roposo, an Indian video-sharing social media app similar to TikTok that been around since 2014, saw its user base jump by 22 million in the two days after India banned the Chinese apps, the company's founder Mayank Bhangadia told Reuters.

"In the last few days I've slept for a total of five hours, and its the same for our entire team," Bhangadia said. "The load is so much and we're just ensuring that the experience is as smooth as possible."

Roposo's downloads on Google's Android now total over 80 million, and Bhangadia expects that to reach 100 million in just a few days. Before the ban, Roposo had roughly 50 million installs on Android devices, which account for a bulk of India's nearly 500 million smartphones.

Based in the southern Indian tech hub of Bengaluru, the company has just 200 staff now but is planning to hire as many as 10,000 people over the next two years and may take the app global, Bhangadia said.

Other home-grown TikTok alternatives such as Chingari and Mitron are also finding favour with users, with many taking to social media to echo Prime Minister Narendra Modi's call for "atma-nirbhar" or self-reliant India.

MyGov, the federal government's citizen engagement website, last month created its account on Roposo.

"We have to create our own ecosystem, every country has done this, this is our atma-nirbhar programme," said a government minister.

New players are also jumping into the fray. Mumbai-based Zee Entertainment Enterprises is set to launch an ad-supported, short-video platform, named HiPi, in the next two months, Rajneel Kumar, the product head for its digital unit Zee5 said.

He hoped that former TikTok users would "find a home within Hipi to be able to continue to enjoy the content they enjoyed."

First Published:Jul 3, 2020 4:29 PM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Hutchmed Begins Registration Stage for Phase 2/3 Trial of Investigational Autoimmune Disorder Drug
Hutchmed Begins Registration Stage for Phase 2/3 Trial of Investigational Autoimmune Disorder Drug
Mar 22, 2024
05:04 AM EDT, 03/22/2024 (MT Newswires) -- Hutchmed ( HCM ) said late Thursday it has started the registration stage for a phase 2/3 clinical trial of investigational drug sovleplenib for adult patients with warm antibody autoimmune hemolytic anemia in China. The move follows positive data from the proof-of-concept phase 2 stage of the trial and a consultation with the...
Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut
Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut
Mar 22, 2024
(Reuters) - Popular investor Cathie Wood's ARK Invest bought nearly 10,000 shares of Reddit ( RDDT ) in the social media platform's strong market debut on Thursday, an email from the asset manager showed. A total of 9,982 shares of the loss-making company was added to ARK Next Generation Internet ETF ( ARKW ) and ARK Fintech Innovation ETF (...
Japan's union group Rengo announces biggest wage hikes on record
Japan's union group Rengo announces biggest wage hikes on record
Mar 22, 2024
TOKYO (Reuters) -Japanese firms have agreed to raise pay by 5.25% this year, the biggest rise under comparable data since 2013, the country's largest union group Rengo confirmed on Friday. The results of the closely-watched wage negotiations are announced in several stages, in which the blue-chip firms are first to wrap up their talks in mid-March. The second announcement on...
Once a beacon of stability, Vietnam to name third president in a year
Once a beacon of stability, Vietnam to name third president in a year
Mar 22, 2024
HANOI, March 22 (Reuters) - Communist-ruled Vietnam is seeking its third president in little more than a year after the resignation of Vo Van Thuong, who was only elected last year after the sudden dismissal of his predecessor. With accumulated foreign direct investment higher than its gross domestic product, Vietnam's stability is crucial to multinationals with large operations in the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved