Indian unicorns bridle as New Delhi looks a Chinese gift horse in the mouth

As the coronavirus continues to ravage the globe, Indian unicorns hungry for investment are running into a problem – Chinese capital is drying up. And given the fact that many of India’s billion-dollar firms have already introduced cost-cutting measures such as lay-offs, pay cuts and operational freezes, that is a development that could prove costly in the coming months. More than half of India’s unicorns (it has between 30 and 32, depending on the method of evaluation) rely on Chinese…

Read the original article at South China Morning Post