China’s crackdown on tech companies is prompting a shift in global investment interest towards Indian tech startups, many of which are poised to tap the primary markets to fuel business expansions.
In the first week of July, Chinese regulators launched an effort to rein in the initial public offerings of Chinese firms—starting with Didi Global, which had just listed its shares in New York. The campaign spooked investors worldwide who were hoping to benefit from the on-going boom in tech companies in the world’s second-largest economy.
Read More at https://fortune.com/2021/07/23/india-unicorns-hot-china-tech-crackdown-ipo/
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