| 1:27:38 PM - Wed, Jan 12th 2022 |
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"Tech India" is hot after foreign capital moves away from "China"
China's crackdown on techSLOTXOcompanies in the country has alarmed investors around the world. The uncertainty about the stability of China's technology industry has resulted in "India" becoming a potential technology market. and ready to welcome investors who seek new alternatives in the region instead of China
The Financial Times reports that India's tech industry is expanding rapidly. Global research firm DealLogic said the funding of Indian tech companies for initial public offering (IPO) this year was $2.6 billion, an increase of 550% from 2020.
While the situation for Chinese tech companies is reversed, this year's total IPOs are estimated at $14 billion. decreased by 2.3 billion US dollars from the previous year And it's the first drop in 7 years.
The decline in Chinese capital is a reflection of the recent crackdown on Chinese government tech firms, which has spread across various sectors. From the financial sector to the transportation service
From a $37 billion IPO blocked by Ant Group, a subsidiary of Alibaba. to the investigation and suspension of the service of "Titi Chuxing", a giant ride-hailing platform provider. Both affect the confidence of investors.
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