This was 8.2 times more new installs than TikTok saw in the country in Q1 of last year.

In the first quarter of 2018, the stores saw $16.7 billion combined gross consumer spend on in-app purchases, subscriptions and premium apps.

PayU, the fintech arm of the South African media and tech conglomerate Naspers has acquired digital payments company Wibmo for $70 million.

Uber has provided more than a peek into its business in the run-up to its hotly anticipated debut on the stock market. Though the cab-hailing company revealed strong growth, it also showed a long struggle to overcome huge losses and damage to its reputation. Nowhere is this more true than in India, where its growth has tempered by a string of reversals and a raft of potential risks.