Reports suggest that 18 among India’s top 30 unicorns -– a start-up valued at over $1 billion -– have Chinese investors. Three large Chinese investors -– the Alibaba group, Tencent Holdings and Xiaomi (Shunwei Capital) -– have big stakes in Indian start-ups. A February report by research group Gateway House said Chinese foreign direct investment into India stood at $6.2 billion. “The intention of the government is clear in wanting to evaluate Chinese investments on a case-to-case basis. Australia recently said all foreign investment proposals would be assessed by a review board during the coronavirus crisis to prevent a fire sale of distressed corporate assets.

Source: The Telegraph April 18, 2020 21:45 UTC