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China’s Tencent invests $225m in India’s ShareChat amid stiff FDI rules: Report REUTERS/Aly Song April 27, 2021 China’s Tencent Holdings Ltd has managed to invest $225 million in Indian social media startup ShareChat even as India has already introduced harsh rules to prevent “opportunistic takeovers” by Chinese investors, according to a Financial Times report. In April 2020, India tightened its foreign investment rules on concerns that Chinese investors could use the COVID-19 pandemic to acquire struggling Indian companies. According to the FT report, the Chinese Internet and social media giant seemed to have circumvented the rules by investing in ShareChat through two European entities – Zennis Capital BV and Hlodyn BV.

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