Wednesday, September 18, 2019
Home What we heard Chinese ‘Hand’ In Indian Tech

Chinese ‘Hand’ In Indian Tech

There’s a curious lack of debate in India over Chinese investment in Indian technology startups. Researchers at a recent seminar in Delhi, say Chinese investment is heavily concentrated in a few areas like e-commerce, transport or travel. Last year Chinese firms invested $5 billion in Indian tech and pharma firms. Alibaba is the biggest investor in Paytm with $250 mn. Mobile phone maker Xiaomi has invested reportedly $500 mn in India. Tencent has invested in cab riding service Ola. Snapdeal, Zomato and BigBasket are some of the other firms where Chinese money is invested.