Alibaba puts India investment plan on hold amid China tensions, according to sources Money


Source: malaymail.com malaymail.com

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Alibaba puts India investment plan on hold amid China tensions, according to sources 11:10 PM MYT The logo of Alibaba Group is seen at the company’s headquarters in Hangzhou, Zhejiang province, China July 20, 2018. Alibaba, which has fuelled the growth of several Indian start-ups, will not put in fresh funds to expand its investments in the country for at least six months, the sources said. — Reuters pic NEW DELHI, Aug 26 — China’s Alibaba Group has put on hold plans to invest in Indian companies, two sources aware of the plans told Reuters, amid souring business relations and...