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Inside China Tech: who wins from India’s pushback on Chinese technology?
- Analysts say a backlash against China tech in India has created opportunities for US firms to fill the void
- Chinese smartphone brands are still dominating the market, at least for now, although shipments on the whole have suffered due to Covid-19
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Good morning, this is Melissa Zhu from SCMP’s tech desk in Hong Kong rounding up some of our most important stories this week.
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India’s pushback on Chinese tech – following a deadly border clash and amid recriminations over the Covid-19 pandemic – has created opportunities for US firms to fill the void, according to analysts.
US firms, which already have a strong foundation in India, are among the most well-positioned to benefit from the backlash against Chinese technology.
Following Google’s announcement last Monday that it would set up a US$10 billion fund to invest in India’s digital services over the next five to seven years, the company revealed its first deal two days later: a US$4.5 billion investment in telecom firm Jio Platforms. Google’s move came less than four months after Facebook said it was pumping US$5.7 billion into Jio Platforms.
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India’s TikTok ban closes lucrative window to the world for many rural women
India’s TikTok ban closes lucrative window to the world for many rural women
Analysts say US firms’ big expansion into the Indian market was bound to happen anyway, with the Google and Facebook investments in Jio Platforms just two recent examples of that trend.
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