Alibaba Group has put on hold plans to invest in Indian startups

  • According to the report, the Chinese Alibaba group has put plans on hold to invest in Indian startup at least for 6 months

Chinese internet giant Alibaba Group has put on hold plans to invest in Indian startups amid geopolitical tensions between the two countries via TechCrunch reported by Reuters.

Due to the border clashes between India and china, chinese Internet gaint has now put plans on hold to invent in Indian startups. The company already invested around 2 billion in Indian startups Since 2015,in which it owns about 30% stake, food delivery startup Zomato, grocery delivery startup BigBasket and e-commerce firm Snapdeal.

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