"No money from China, no money from Chinese companies Don't invest directly or indirectly in Chingari. Not now, not in the future. "The announcement was issued on the 8th by the co-founder of Chingari, a short video sharing app regarded as the "Indian version of tiktok". After the Indian government decided to ban 59 Chinese mobile phone applications, such as tiktok, India's local mobile app R & D companies, especially the direct competitors such as tiktok, ushered in "Carnival".
(original title: catering to nationalist sentiment? Founder of "Indian version of tiktok": I don't want Chinese investment)
Chingari is one of the Indian government's moves to boost the number of users of local start-ups in India, according to CNBC.
CNBC: the co-founder of the Indian version of tiktok said his company would never accept Chinese investment
Chingari is seen as one of tiktok's local alternatives, the report said. In less than a month, Chingari has downloaded more than 10 million times from Google's Android play store.
The report also said that Chingari will complete the first round of $10 million financing next week to cope with the rapid growth of users in a short period of time.
"No money from China, no money from Chinese companies Don't invest directly or indirectly in Chingari. Don't do it now or in the future, "Gosh said, seeking global venture capital from countries such as the United States and the United States." there must be a lot of money available in the world, not Chinese money. "
After the serious physical conflict on the border between China and India, there was a clamour of nationalism in Indian public opinion, and the extreme nationalist forces in India wantonly "boycotted Chinese goods". On June 29, the Ministry of electronic information technology of India also announced that 59 Chinese applications, including tiktok and wechat, would be banned. Counsellor Ji Rong, spokesman of the Chinese Embassy in India, said that India's measures selectively targeted at some Chinese applications and discriminated against restrictions. The reasons were vague and farfetched. The procedures violated fairness and openness, abused national security exceptions, and were suspected of violating relevant WTO rules. They ran counter to the general trend of International Trade and e-commerce development, and were not beneficial to Indian consumers Benefit and promote market competition.
Some Indian media also worry that the Indian government's ban on Chinese apps may result in the loss of income and jobs of "Indians who are engaged in creation and work on these platforms". Most of these Chinese app companies (such as tiktok) have Indian creators, which for many of them is their only source of income, according to the Indian Express. Many of these applications have offices in India, employ Indian employees, and could endanger thousands of jobs.