INVESTMENT

India is the next land of possibility for Chinese companies hoping to replicate their success abroad, but they need to find new business models to survive, experts said Thursday.

“Though we cannot say China’s investment future definitely lies in India, the country indeed has numerous opportunities for Chinese investors, and cooperation potential between the two countries is great,” said Qian Feng, a researcher at the Chinese Association for South Asian Studies in Beijing.

The comment came after a slew of Chinese companies have invested in technology-based Indian start-ups in recent days.

CashBUS, a Shanghai-based microfinance company, led a $1 million investment in Indian online fashion resale marketplace CoutLoot in April 2018.

The company noted on Thursday that its incubator Jadevalue Fintech also has been in contact with New Delhi-based venture Gurukool, but didn’t disclose details of their cooperation.

According to a report on Indian information platform Inc42, four of the top five Indian tech start-ups – Delhivery,

“Though we cannot say China’s investment future definitely lies in India, the country indeed has numerous opportunities for Chinese investors, and cooperation potential between the two countries is great.”