Latest Business News in Hindi- China Overtakes Indian Economy

There is no second thought to be given to the fact that India has an established Chinese market, which is the latest Business News in Hindi. There are many firms and companies that have become big investors in India. According to the latest data as collected by Mumbai based Directi, founded by Divyabk Turakhia and Bhavin, it has been come to forefront that China based firm- Beijing Miteno Communication Technology has made biggest acquisition in the technology startup worth $900 million. On the other side, Ecommerce giant’s Alibaba and made large investments in the India established businesses- Paytm and Snapdeal.

This is not sufficient, but Didi Chuxing has invested in Ola. Recently, Tencent, which is another Internet giant, has led $175 million funding in Hike- which is a messaging app. Previous to it, $90 million were invested in healthcare solutions firm- Practo. Talking about the sports industry, Chinese players also have experience in the market creation and are running successful digital companies. It can be said that they are also financial investors. Bhavin Turakhia said that these circumstances are due to the fact that Chinese market understands that Indian market is better than US companies. India can also do the same but it is about 5 to 10 years behind. 

Majority of the Chinese companies also have funds in the Indian start-ups and this is another reason for the growing economy of the nation. One of the leading and largest online travel companies of China- Ctrip, has invested around $180 million in MakeMyTrip. Another largest Chinese company- Hillhouse capital has also invested in CarDekho. The leading mobile company of China- Xiaomi led around $25 million funding in Hungama, which is a Digital Media Entertainment application. Since china is aggressively participating in the India based ventures, which is the major reason of the growing economy of the China. To beat the competition, India will take another 5-10 years. For more sports, business or Technology News India, stay tuned with us.