China is increasing its investment in India, shocking figures reveals
China is increasing its investment in India, shocking figures reveals
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Earlier, after a clash with China, a situation of tension has arisen in Ladakh. After which the goods of China are being boycotted. According to the data of Global Data, during the last four years, the investment of Chinese companies in new companies (startups) of the country has increased by almost 12 times. The investment of Chinese companies in Indian startups was $ 38.1 lakh (about Rs 2,800 crore) in 2016, which increased to $ 4.6 billion (about Rs 32 thousand crore) in 2019.

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Global Data provides statistics and analysis on economic matters. According to the company, 17 of the 24 major startups in the country have received corporate investment along with Chinese companies. Alibaba and Tencent are the leading Chinese investment companies. These startups are worth a billion dollars or more market.

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In addition, Alibaba and its partner Ant Financial have invested 2.6 billion (about Rs 18,000 crore) in four of India's major startups (Paytm, Snapdeal, BigBasket and Zomato). Whereas, Tencent and other Chinese companies have invested $ 2.4 billion (about 17 thousand crore rupees) in five major startups (Ola, Swaggy, Hike, Dream 11 and Byjus). Other major Chinese investors investing in Indian startups include Shunwei Capital, Hillhouse Capital Group, Metuan-Dinping, Didi Chuxing and Fosun. China has pressed money in many technology companies and startups of India. According to an estimate, China has a major stake in 18 out of 30 start-up companies worth more than $ 1 billion.

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