Tech world transforms after every second and new opportunity brings innovation. Tech giants rapidly developing with unique ideas and emerging technology and have positive impact all over the world. Likewise, China’s tech giants looking to spread the wings of advance technology in India as well.
Several Chinese internet companies willing to spread its presence while promising to bring advanced technology to domestic start-ups. Beijing-based news and information content platform along with Chinese ride-sharing service, Didi has a significant presence in India.
Some of the tech giant from China anticipating expanding in India through the investments. Managing Partner at Blume Ventures, Sanjay Nath stated that few Chinese tech giants want India to become the ‘Next China’. But there are many differences across the language and requires deep knowledge and expertise, Nath added.
Meituan Dianping chief executive Wang Xing plans to visit India to explore strategic partnerships and investments, following a Rs 256 crore investment in Bengaluru-based food-delivery startup Swiggy. Wang planning to meet other start-ups and internet firms’ founders.
Addition to this, other Chinese companies such as Tencent, Walmart, and JD.com planning to explore setup in India. Investment Partner, Omidyar Network, Badri Pillapakkam stated that new Chinese strategic investors trust that developing country like India can lead to non-linear value, which means market capitalization.
Furthermore, Chinese tech giant aggressively investing in Indian markets, supporting Indian firms financially as well as technically, however, the lack of in-depth knowledge in India is very different from the hyper-growth ecosystem.