Over the past few months, the Chinese government has made critical efforts to quash its $12.9 trillion shadow banking system and slowly break up its most influential business conglomerates. Major Chinese investors also tend to be offshoots of China’s tech giants, including Baidu, Alibaba, and Tencent referred to collectively as BAT. At the start of 2020, China pumped an estimated $4 billion into 90 Indian startups, funding 18 of India’s 30 unicorns, which are privately held startups valued at over $1 billion.
This article was written by Sophie Zinser
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