China FDI constraints may put tech startups in a spot2 min read 19 Apr 2020, 11:08 PM IST
They are likely to affect further investment by top investors such as Alibaba and Tencent
The FDI guidelines essentially imply Chinese capital would require prior govt approval
BigBasket, Paytm, Ola and other tech startups may become collateral damage of the government’s move to protect local companies from hostile takeovers by Chinese firms taking advantage of depressed valuations during covid-19.
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