Until India maps the network of these Chinese lending apps and traces their offshore location, new apps with the promise of millions will continue to lure Indians.
These scams work by enticing people with small payouts on investments or bets, and building trust. When they start investing more money, it disappears, say police.
Shares of ByteDance trade at a valuation of over $250 bn. But it’s a tough time to be wealthy in China, which seeks to rein in powerful corporations & their billionaire founders.
Snack Video by Kuaishou Technology, Zili by Xiaomi, and ByteDance's Resso have seen a surge in downloads over the past few months since the govt banned over 200 Chinese apps.
The stance of Policybazaar & MobiKwik reflects a shift in sentiment against China after Ladakh and a wave of techno-nationalism as Covid pummels economies.
Apart from social media applications like TikTok, the govt would also look at restrictions on Chinese-developed banking systems that use artificial intelligence.
The shared global concern around China is a major opportunity for India to create the structures needed to benefit from a soft alliance of like-minded countries.
Country's used lithium-ion battery problem is also set to grow sharply in next decade. India 3rd largest e-waste producer with 7% global share but currently recycles only about 10% of it.
Shield AI will provide V-BAT vertical takeoff & landing drones along with licences for software, which will be integrated into aircraft and made available to select Indian partners.
No nation other than China can negotiate one-on-one with Trump on an equal footing. That’s why the middle powers who so far formed the core of multilateral bodies now feel orphaned.
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