Tencent has pumped $62.8M into Flipkart’s $1.2B investment round and now owns a 4-5.3 per cent stake in Flipkart Pte – Flipkart’s Singapore based holding company. Though it is a minority stake, the investment is significant as Flipkart is the most valued internet company in India. Since April, the GOI has taken multiple steps to limit China’s exposure to Indian businesses; revising its Foreign Direct Investment (FDI) regulations as well as banning Chinese apps.

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