Chinese e-commerce giant Alibaba is reportedly halting investment in Indian startups, in another sign that recent deadly clashes along the countries’ Himalayan border are eroding business ties between the two Asian economies.
Apart from the major online retailer, “a few” other Chinese firms are also reviewing their investment plans for India, sources have told Reuters. The companies reportedly plan to not pour any more cash for around half a year, as they waiting for things to “cool off.”
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