Indian companies with Chinese Stake
India and China have enriched Asia for aeon with their cultural influence and are now constantly sparkling lights of economic development.
The most densely populated countries in the world are India and China. They account for 36% of the world’s population together. As a populated nation, these developing economies great assets and curse.
The curse takes the form of feeding and providing suitable work to the larger population. The great benefit tends to come as a massive demand that can be produced by that population, which is equivalent to the demand from at least three to four developed countries.
While India has democratic and China has authoritarian, both countries have opened doors for external direct investment in the hope of successful projects that will provide their respective countries with jobs, foreign currency, and technological development.
Through this period, both countries depended on America in the respective sectors for financial and technical investments.
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Top Indian companies with Chinese Stakes
An article by Gateway House, Chinese technology investment by 4 billion USD in Indian start-ups experts related to the Indian Council on Global Relations.
By many India’s top 30 unicorns, 18 are China-funded and technologically-driven, startups worth over $1billion. The February report shows Ninety two major Chinese-financed start-ups.
The Indian electronic payments and e-commerce businesses are Paytm (Pay through Mobile). But the notion, impetus, and investment come from China are very hard to believe. The Chinese e-commerce firm Alibaba here have raised over the $625 million to fund its first Indian venture.
An Indian E-commerce company started by Kunal Bahl and Rohit Bansal back in 2010, is a New Delhi based company registered as Jasper Infotech Pvt Ltd, now Snapdeal Private Limited is backed by the 23 Investors, some of the major lenders are Softbank, Kalaari Capital, Nexus Ventures and Ebay Inc. to be known. But it could be surprising to know that it’s one of the major capitalist Softbank groups is the largest shareholders of Alibaba Group Holding Ltd.
OLA CAB is an Indian transit system company services through mobile apps. The $1.1 billion of fresh funds was raised from China’s Tencent Holdings, and the existing investment firm from Japan SoftBank Group Corp, based on an evaluation of $3.5-4 billion to Ola, which is undertaking of ANI Technologies Pvt, Ltd.
Didi Chuxing Technology(Didi Kuaidi) has invested in Ola along with two other major investors like Sailing capital from Hongkong and China Eurasian Economic Cooperation Fund(CEECF) around $4.3 Billion.
IBIBO and Makemytrip
Makemytrip purchased the stakes in IBIBO Group, altogether major brands like GoIBIBo, Redbus, Ryde, Makemytrip, and Rightstay under one roof, and it is backed by the South African based company nasper and Chinese Investment Holding company Tencent group held the altogether 91% and 9% stakes in IBIBO. So this makes them one of the major stakeholders.
Flipkart was founded in 2007 by Sachin Bansal and Binny Bansal. Walmart Acquired the Flipkart with a deal of $16 billion in 2018.
Stead view and Tencent Holdings Ltd some kind of stakes in the Flipkart.
There many other Unicorn Startups that are backed by the Chinese Investor, Startups like Dream11, Delhivery and Rivigo, tomato, Swiggy, Udaan, Byju’s Delhivery, and Policybazar.
The Delhivery a logistics firm backed by the Chinese firm Fosun International and swiggy by Tencent Holdings.
The Chinese Investors came in the form of business houses like Alibaba and Tencent and Investment firms like Shunwei capital and Hillhouse capital
As there are many more unicorns startups that are backed by the Chinese firms and Investment group which shows the solidarity between the two economic giants India and China, their success depends upon backing each other.
Both India and China need each other to drive major success. The history of India-China ties traced from the 2nd century BC to even more than $85 billion in 21st-century bilateral relations.
Now, the two Asian giants are Asia’s two most dynamic and largest economies and form the face of the new world.
A Lot of things going on between India and china Love-hate relationship currently. But as altogether both the giant economy need the support of each other.