Hyderabad: The government's move to ban 59 Chinese apps received support from various quarters, including CAIT and domestic social media app ShareChat. Confederation of All India Traders (CAIT) said the government's move to put a ban on 59 Chinese mobile apps was a big support to 'Boycott Chinese Goods and Services' campaign.
In a letter to Union Finance Minister Nirmala Sitharaman CAIT said, "We wish to state that Chinese companies have major investments in many startups in India and some of the few majors are Flipkart, Paytm Mall, Paytm .com, Swiggy, Ola, OYO, Zomato, Policybazaar, BigBasket, Delhivery, Make My Trip, dream 11, Hike, Snapdeal, Udaan, Lenskart.com, Byjus Classes, Citrus Tech etc."
"Chinese companies like Alibaba, Tencent and others are lead investors in many of these startups and as such it is to be ensured that no foul play is taking place under the garb of investment," the letter added.
Here is the list of Indian companies in which Chinese corporates invested:
Paytm
China's Alibaba Group has invested in mobile wallet company Paytm. Alibaba has invested USD 400 million in Paytm.
Flipkart
Steadview Capital and Tencent Holdings of China have invested in online shopping site Flipkart. These companies have invested more than USD 300 million in Flipkart.
Zomato
China's Alibaba Group, Alipay Singapore Holding Private Limited and Ant Financial Services Group and Shunwei Capita have invested in online food delivery company Zomato. These companies have invested more than USD 200 million in Jumeto.
Swiggy