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
Bu hikaye Entrepreneur magazine dergisinin August 2020 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Entrepreneur magazine dergisinin August 2020 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Chords of Success
For Saahil Goel, the deep-rooted passion for playing the guitar dates back to his high school days. Influenced by legends like Pink Floyd, Led Zeppelin, and the Pakistani band Strings, his musical journey mirrors his leadership style-balancing focus, discipline, and a collaborative spirit. Goel feels that playing guitar has enhanced his ability to balance focus and teamwork as a founder of an eCommerce shipping start-up.
IS YOUR RENT TOO DAMN HIGH?
Many small business owners struggle with their rents. Here's what to do.
HOW TO BOUNCE BACK FROM A BAD REVIEW
A one-star review can hurt your ego - and your business. But it's possible to prevent (and remedy!) this scary scenario.
HOW TO HIRE FOR THE FUTURE
Small businesses are struggling to find quality labor. So flip the conversation: Show workers how your business will set them up for opportunity.
You Can Hire Like Netflix
The streaming platform built an incredible team with a strategy called “talent density.” But you don’t need to be a tech giant to do it.
Speedy Growth Killed My Startup
We seemed to be rocking it - lots of press, major partnerships. Then we learned the harsh consequences of overlooking our customers.
Three Pivots to $100 Million
How do you find a working business model? Do it like Rowan-a brand that reinvented itself many times before finally piercing the ear-piercing market.
What Goals Actually Matter?
Some benchmarks are more important than others so what should you really care about? We asked six founders for their hardest-won lessons.
'Only the Strongest Are Going to Survive'
Brian Lee cofounded companies like LegalZoom and ShoeDazzle-and he believes a lot of conventional business wisdom is backward. Sure, it's harder to raise capital. But it's actually cheaper than ever to start a company.
HOW TRUST SAVED KFC
The former CEO of Yum! Brands explains how he turned around a struggling KFC-and the important lesson it offers for anyone in franchising.