Alibaba puts India investment plans on hold amid New Delhi-Beijing tensions


Source: thesundaily.my thesundaily.my

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Alibaba puts India investment plans on hold amid New Delhi-Beijing tensions 27 Aug 2020 / 00:43 H. The logo of Alibaba Group is seen at the company's headquarters in Hangzhou, China. – REUTERSPIX NEW DELHI/HONG KONG: 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 rising political tension between the two nations after a clash on their Himalayan border. Alibaba, which has fuelled the growth of several Indian startups, will not put in fresh funds to expand its investments in the country for...