Irrespective of the intense competition amongst China’s powerful BBAT companies – ByteDance, Baidu, Alibaba and Tencent – the alarm in the strategic affairs circles in New Delhi is over the common intent of these Chinese firms – winning over the hearts and minds of India’s Gen Z and aligning them to Chinese values and foreign policy goals.
Takeover bully: China’s pandemic opportunism during COVID-19
The Chinese investment strategy in India over the last five years has focused on grabbing significant chunks of technology enabled start-ups. Chinese venture funds are often routed to India through its entities located in Singapore, Hong Kong, Mauritius and so on.