Friday, 24 March, 2023

Chinese Alibaba puts India investment plan on hold amid border tensions

<p>Alibaba Group, as per a Reuters report, has put on hold on plans to invest in Indian companies following the rise of geopolitical tension between India and China. The Chinese internet giant will not put funds in any new Indian start-ups or companies for at least six months, said the report. The company, however, has no plans to exit or reduce its investments of over $2 bn in Indian firms. Alibaba&rsquo;s investee companies include Paytm, Zomato, and BigBasket.</p>