China's businesses ranging from traditional manufacturing to internet-related have been under siege globally. India announced late last month a ban on 59 Chinese apps including those from Alibaba Group (BABA), Tencent Holdings (TCEHY)(TCTZF), and Baidu (BIDU). Most notably, the widely-used short-video sharing platform TikTok operated by the world's most valuable startup ByteDance (BDNCE) also 'disappeared' from the second most populous country.
The United Kingdom was reportedly on the verge of enacting a ruling that would cleanse equipment belonging to China's Huawei out