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Winds of change: China's Tencent 'invests' in Indian platform Lokal
TIWN
TIWN
PHOTO : TIWN
New Delhi, Oct 21 (TIWN) India last year tightened control on investments coming from China into the local firms/start-ups in the wake of border tensions. The tide, perhaps, is turning after more than a year-and-a-half, as some homegrown firms have now raised (or in the process of raising) funds from Chinese conglomerate Tencent.
The latest startup to join the list is Bengaluru-based hyperlocal social media platform Lokal that has raised $12 million from Tencent, TechCrunch reported on Thursday.
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