What are the major investments from China in Indian startups
The Chinese investment is the major source for Indian startups, the growth of Chinese investment is 12 times in four years. The Chinese investment in 2016 is 381 million and now 2020 is 6.2 billion. The major investments in IT start ups. The investment in unicorn start up India 17 out of 24 are from China.
The Alibaba investment and its affiliate Ant Financial along with others invested over $ 2.6 billion in four Indian unicorns (Paytm, Snapdeal, BigBasket and Zomato). The Tencent invested more than USD 2.4 billion in five unicorns (Ola, Swiggy, Hike, Dream11 and BYJU’s App).
The Ministry of Corporate Affairs of India said ’ “Invest India data”, Chinese IT and tech firms like Xiaomi, Oppo, Vivo, and Huawei have secured 100% FDI(Foreign Direct Investment) in contract manufacturing in India and set up plants in Greater Noida, Andhra Pradesh and Tamil Nadu, while Chinese auto companies like MG motors, BYD auto, Colsight, YAPP Automobiles, among others, have been some of the companies that have grown quite fast in India over the last few years.
The Sunday Guardian reports In Zomato Alibaba invested $200 million and grocery online firm Big Basket. Same as Indian Online cash transaction firm Paytm and Paytm Mall owned by one97 communication and Paytm E-Commerce Pvt. Ltd. has over $550 million of investment by the Alibaba group.
Same as Indian Smart phone Industries 70% in Chinese company. In the Optical Fiber sector the large investment from China, the company like Fiberhome, ZIT, TG Advait, and Hengtong