Reuters exclusively reports Alibaba puts India investments on hold

Reuters reported exclusively that China’s Alibaba Group has put on hold plans to invest in Indian companies 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 start-ups, will not put in fresh funds to expand its investments in the country for at least six months, Reuters sources said. However, there are no plans to reduce its stakes or exit investments. 

Article Tags
Topics of Interest: Tech
Type: Reuters Best
Sectors: Equities
Regions: AsiaMiddle East
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text