From India Narrative, January 12:
The Chinese government’s move to initiate an intense anti-trust probe into the Jack Ma-promoted Alibaba group and its affiliate Ant Financial has led to widespread speculation that the ruling Chinese Communist Party (CCP) was likely to nationalise these companies in case of discrepancies. While this will deal a big blow to the country’s business sentiments especially the private sector, many in India have raised concerns too as several domestic companies including the digital payments firm Paytm and food delivery major Zomato have substantial financial backing from Ant Financial.
In case Ma’s companies are nationalised—implying that the Chinese government takes control – the Chinese government would have also get direct access to the Indian business houses that have financial backing of Alibaba or Ant Financial....
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