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
China's Meituan Dianping, Hillhouse Capital, Tencent Holdings and SAIF Partner have invested more than USD 500 million in online food delivery company Swiggy.
Ola
China's Tencent Holdings, Steadview Capital, Sailing Capital, Eternal Yield International Limited and China-Eurasian Economic Cooperation Fund have invested more than USD 500 million in online cab booking company Ola.
Byju's
Tencent Holdings of China has invested more than USD 50 million in online education technology company Byju's.
BigBasket
China's Alibaba Group and TR Capital have invested more than USD 250 million in the online grocery platform BigBasket.
Snapdeal
China's Alibaba Group and FIH Mobile Ltd (subsidiary of Foxconn technology Group) have invested more than 700 million dollars in e-commerce company Snapdeal.
OYO
Chinese company Didi Chuxing and China Lodging Group have invested more than USD 100 million in hospitality firm OYO.
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