Growth Rates: Internet and Payment Market

growth rates: Moreover, Chinese internet companies have been particularly keen on Indian start-ups, according to Global Times China. A recent report from Mumbai-based investment firm Iron Pillar showed that two of China's internet giants, Alibaba and Tencent, have taken stakes in almost half of the 31 Indian unicorns so far. As of December 11, Chinese investment in India reached 8 billion, compared with less than 200 million a decade ago, according to Bengaluru-based tracker Tracxn. China is the world's largest mobile payment market, while the number of India's internet users is surging. On the surface, their ambitions are totally justified given the similarities between the two countries, like high growth rates and large populations. The development lag between the two neighbors in terms of internet commercialization means that Chinese technology companies are eager to bring their successful experience to India. (news.financializer.com). As reported in the news.