India-China spat starting to impact domestic unicorns, Chinese investors

Experts said Chinese investments in Indian unicorns including Paytm, Byju's, Ola, BigBasket, Dream11, and Swiggy may drop sharply through investors such as Alibaba, Tencent and Xiaomi

The Sino-India tensions including the Chinese app-ban and the changes in the foreign direct investment norms and pre-clearance mechanisms on investments from China have started showing the signs of impact on Indian unicorn companies and their Chinese investors. 

Ant Group, the payment and finance-focused company of the Chinese e-commerce giant Alibaba, said in its initial public offering (IPO) prospectus at the Hong Kong stock exchange that a change in foreign investment regulation in India led to “further evaluation” of the timing of its additional investment in food delivery start-up Zomato. Ant also said it has "significant influence" over One97 Communications