India bans TikTok, WeChat, and about 60 other apps

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The Indian government has announced that it has banned the use of 59 mobile apps in the country, including TikTok, WeChat and Mi Community. The Indian Ministry of Information Technology “received many complaints from various sources, including several reports of the misuse of certain mobile applications available on Android and iOS platforms to steal and secretly transfer user data to servers located outside of India.”

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Xiaomi invested $ 20 million in Chinese OLED screen manufacturer

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According to a source, Xiaomi has invested heavily in a Chinese manufacturer of screens – Dalian Zhiyun Automation. It specializes in the manufacture of LCD panels, OLED screens, and even Mini LEDs. Xiaomi’s investment amounted to about $ 20 million – 15.5 million shares were bought back for this amount. Thus, Xiaomi’s share in Dalian Zhiyun Automation will be 5.63%.

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