The border battle between the two nations and our brave soldiers dying fighting the Chinese troops at Galwan Valley on 15 June 2020, just repeated a chapter from the history. The strong sentiments led the Indian Indian government to finally take a stern step of banning 59 Chinese apps in India. The anti-china sentiments across the country loudly called for the boycott of all the Chinese apps. India is not happy, China is not happy, and when two countries are at tiff, it's the economy that gets hits. The step of banning their apps did attract flak but finally opened the market for local developers. The practice of using homegrown apps is followed by various countries which simply leads to domestic growth. So, it wouldn't be wrong to say this move by the government came due to political reasonings but it the first step towards the right direction.
While the ban covers a range of apps, TikTok, ShareIt, UC web browsers, Shein were among the most used in India. This has opened a huge market for Indian alternatives to fill in the gap that was directly competing with the Chinese apps and also aligning with Prime Minister Narendra Modi's 'Vocal for Local' initiative.
Indian consumers are looking for apps with similar functionality and Indian entrepreneurs have come up with a replacement. It's quite impressive to see how Indian applications saw a huge surge with people finally opting for native apps. While the Chinese applications were crushed, Indian saw gold rush! To know more we spoke to founders of popular Indian apps that are serving as an alternative to popular Chinese apps.
TIKTOK'S LOSS, INDIA'S GAIN
Diese Geschichte stammt aus der August 2020-Ausgabe von Entrepreneur magazine.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der August 2020-Ausgabe von Entrepreneur magazine.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
How To Ask Family For Money
Your friends-and-family fundraising round doesn't have to be scary and awkward. Here's advice from one of the world's leading investors.
Data Breach Drama: When Trust Turns Costly In A Digital Age
Amid data breaches surges, Indian businesses are prone to financial and reputational fallout. Can cyber insurance emerge as a safeguard?
THE TERRAIN TAMER
Spearheading a California-based, Series D SaaS company is no easy feat. It requires a blend of ownership, innovation, and the ability to handle stress. But Anand Jain, co-founder and chief product officer of Clever Tap, finds his calm by escaping to rough terrain whenever he gets the chance-be it India or Colombia.
THE INTELLIGENT READS
Hardika Shah founded Kinara Capital in 2011 with the mission to address the acute credit gap in the micro-small-medium-enterprises (MSME) sector in India, by providing fast and flexible business capital to small business entrepreneurs. Despite operating in highly competitive and tough market of collateral free loans, Kinara Capital has been steadily growing in Hardika's leadership. In conversation with Entrepreneur, Hardika shares insights on her favourite books.
THE CURSE OF GROWING TOO FAST
FAIRE is a platform for small businesses, but it grew big the wrong way-almost becoming a $12 billion wreck. Here's how it fixed the problem, and why you should think twice before skyrocketing.
There's No Perfect Answer
I worked the same job for 19 years. I hated it, but it paid the bills. Then, in 2017, I entertained an exciting but terrifying question: Could I be an entrepreneur? I wasn't sure, so I needed something that felt like a guarantee. I searched for signs that would feel like a big, clear \"yes!\"
Give Yourself the Gift of Time
Happy holidays! Emmy Award-winning tech expert Mario Armstrong has five recs to get more hours in the day.
How to Become a Main Street Millionaire
It started when I bought one little laundromat. Now I have a whole portfolio of small local businesses that bring in tens of millions in revenue a year. Here's why following my playbook could be your ticket to financial freedom-and saving America's local small businesses.
Want to Better Serve Your Clients? Become Them.
As a designer for brands, starting my own product company gave me a dose of humility-and it changed the way I relate to clients.
How to Succeed With Gen Z Workers
People often say that younger employees are different. But are they? We asked six business leaders what they've learned, and how their teams thrive.
