TikTok's mother company, China-based ByteDance, could face a loss of USD 6 Billion following Indian government's decision to ban 59 Chinese apps including wildly popular TikTok. "The loss of Chinese internet company Byte Dance mother company of Tik Tok could be as high as USD 6 billion after the Indian government banned 59 Chinese apps, including Tik Tok following deadly border clash between India and Chinese troops last month," reported Global Times citing sources.

A source close to ByteDance said that in the past few years, the company had invested more than USD 1 billion in the Indian market, and the ban could virtually halt its business there, causing a loss as high as USD 6 billion. That figure would exceed the potential losses of all the other apps combined, The Global Times reported.