Indian
CRACKDOWN on CHINESE Tech Companies
Something big is happening in our country Chinese companies are under crack down 1 by 1 First the apps were banned Now the phone companies are being raided The matter is not small The allegations are serious
Raids
on Phone Companies
let's understand this matter
Think some 5-6 years back The
Chinese companies market share was 2-4 percent
See today 4 out of top 5
companies are Chinese They alone have
market share of more than 60% This data
is without oneplus and others These big
companies are now being raided by ED and income tax On 7th July 40 different places were raided
which were related to vivo More than
400cr rupees worth of assets were seized
It was also said that some directors of vivo ran out of country Also, some allegations said that some Chinese
nationals became directors With fake
documents This is not the first time In April Xiomi and Oppo were raided 22 different states were raided When ED seized more than 5000cr rupees worth
of assets
Reasons
for these Raids
Of Xiomi under the FEMA violation This is not happening overnight Our agencies say that we were tracking their
record for a long time Then we felt Something is wrong Our agencies say two types of problems are
going on here Companies send their
profits to different shell companies To
avoid tax Income tax is involved because
of tax evasion Second is money from
Shell companies is being sent in foreign
countries illegally mostly to China that's why money laundering case So, Enforcement Directorate is involved Allegation amount is also not small Vivo has allegation that 50% of their
turnover
Cracked
Own on Chinese Tech Firms
that is more than 60000cr is sent to China Phone companies are not the only Chinese
companies that are being under crack
down You must remember app ban In June 2020 when 59 apps were banned Tiktok, UC browser, Likee, Wechat These big apps were banned In July more 47 apps were banned In same month our army said that 89 dangerous
apps can access camera and location
services don't use them In September 118 more apps were banned
including Pubg This pubg came again
rebranded as BGMI But was again removed Meaning the game is not small Something big is going on With phone and apps ban the Chinese fintech companies are also being cracked down In July 2022 ED attached assets of 115 bank
accounts it was said that they didn't
own their licenses They have signed MoU
with NBFCs that's why their business in
India is illegal You must have heard
about loan app scam How many people have
lost their life A big investigation is
on in which WazirX and Binance are involved
Phone companies, app ban, fintech companies crack down, loan app scam
Issue
with Chinese Apps that Steal Data
If see this in one context you will realize this is big In App ban you can say that all apps get data Why Chinese companies are banned The reason is that Facebook and Google also
steal data but they are being
investigated It is public China has made law Chinese intelligence law they say we can access the chinese company's
any server anytime anywhere
Cyber
Attacks on INDIA
That is very dangerous
Because now the age is about cyber warfare When our soldiers were fighting in Galwan one more fight was going on in India That was cyber attacks In those 2 months 43000 cyber-attacks
happened Power grids, banks, railways,
tiffin installation Were targeted In October 2020 Mumbai had a blackout A Chinese cyber attacker group called red
echo They hacked the grid to do it Our missile installation and other warfare
information were tried to be hacked 11
different installations were attacked US
national intelligence said that this authoritarian regime
Hypocrisy
of GOVT.
Is becoming a threat due to these cyber attacks See the hypocrisy of Chinese government They want all the data but they have made great fire wall of China through which their data can't go out There is an internet divide Which website can publish which data Government can control everything In 2021 they strengthened the internet law chinese people data won't be saved anywhere
outside it won't be shared anywhere they don't let tesla cars to be parked in
government compounds Their camera might
spy on us India is not the only one who
is cracking down on chinese companies huawei
phone doesn't have google software Because
US has denied it In 5G Chinese company
Huawei is a big supplier But America is
trying to cut-off it there also US
companies are told to stay away from them
Data is the new oil It can be
stored using software and hardware Nextgen
wars are going to be cyber warfare So,
you my friend should be very much aware Watch
this blog Understand it and make sure
you share