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PayTM which is huge in India has Chinese investors like Ant financials and Alibaba. Ant being largest share holder with 29.71% ownership. So it’s curious to se
by throw93 6y ago
PayTM which is huge in India has Chinese investors like Ant financials and Alibaba. Ant being largest share holder with 29.71% ownership.
So it’s curious to see the selective retaliation. At what point a company is Chinese?
PayTM raked in immense profit following demonetization in India(overnight invalidation of several currency notes). And it continues to handle large amounts of financial transactions on daily basis.
- dartharva 6y agoAlthough these blanket bans do look like a direct offensive against the Chinese, they are not. Chinese capital is involved in a lot of India's tech sector, it would only be shooting itself in the foot if it actually went ahead and banned all Chinese products. For example, Xiaomi held the largest market share in India's smartphone market for several years. Almost the entirety of its software ecosystem is made in China, but you won't see the government banning MIUI outright.