Alibaba puts India investment plan on hold amid China tensions: ReportPublished By: The Times of India
NEW DELHI/HONG KONG: China’s Alibaba Group has put on hold plans to invest in Indian Companies, two sources aware of the plan said, amid souring businessrelations and rising political tension between the two nations.
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.
However, there are no plans to reduce its stakes or exit investments, they added. The sources declined to be identified as the talks are private.