News
India contemplates banning digital lending apps with links to China
Indian government is compiling a list of app-based lending companies that are connected with China.
2 mins read
Moulishree Srivastava
Journalist • [email protected]
I cover Indian tech, startup, venture capital ecosystems for KrASIA.
If the plan materializes, India would become the second country, outside of the US where Tesla will have an R&D center.
Samsung led the premium smartphone segment with a 37% market share in the first half of 2020.
YouTube will first test its short-video app 'Shorts' in India, its largest and fastest-growing market.
Last week, Reliance Retail landed a USD 1 billion check from Silicon Valley-based venture capital firm Silver Lake for a 1.75% stake.
In August, the Silicon Valley-based early-stage VC firm raised USD 100 million for global investments, specifically in emerging markets like India and Southeast Asia.
In the past tech companies such as Oyo, Policybazaar, Ola, Paytm, Quikr, and others have also said they would soon launch their IPO.
While Ant Group holds the majority stake with a 29.7% share, Japanese conglomerate SoftBank has a 19.6% shareholding, followed by SAIF Partners with 18. 56% stake.
Samsung's India market share rose by 10 percentage points to 26%, while Xiaomi slid 1 percentage point to 29% in Q2.