Chinese firms are investing billions of dollars in India's e-commerce market. One of the biggest deals has involved Paytm, India's most valuable unicorn.
It was New Year’s Eve, and Vijay Shekhar Sharma was out of breath. Standing on a stage in front of his employees, the chief executive of digital payment startup Paytm was screaming into a microphone and jumping up and down as red and yellow lights flashed around him.
“We ripped 2016,” Sharma said, almost falling over as the audience whooped and hollered. “2017 will be ours. How won’t it?!”
Just seven weeks earlier, India’s Prime Minister, Narendra Modi, had announ
Exclusive longform investigative journalism, Q&As, news and analysis, and data on Chinese business elites and corporations. We publish China scoops you won't find anywhere else.
A weekly curated reading list on China from David Barboza, Pulitzer Prize-winning former Shanghai correspondent for The New York Times.
A daily roundup of China finance, business and economics headlines.
We offer discounts for groups, institutions and students. Go to our Subscriptions page for details.
Bob Fu's relationship with China has gone through phases. First, he thought money would solve his problems there; then he joined protesters at Tiananmen Square, thinking the politics could change. In the end, he determined, only God could save China, and he's been fighting for religious freedom in China ever since he resettled in Texas. With his nonprofit, ChinaAid, prospering like never before, he says the U.S. is finally catching on.