The logo of Alibaba Group is seen at the company's headquarters in Hangzhou, China. – REUTERSPIXChina's Alibaba Group has put on hold plans to invest in Indian companies, two sources aware of the plans told Reuters, amid souring business relations and rising political tension between the two nations after a clash on their Himalayan border.
Ant also said it counted Paytm owner One97 Communications, in which it has a 30% stake, as an associate or joint venture partner over which it has"significant influence". "Alibaba and a few others have put on hold their India investment plans for six months and they are hoping that things would cool off a bit after that," said one of the sources.