Tencent eyes India with the easing of Press Note 3 rules

The firm plans to invest in the broader digital economy in accordance with applicable laws

- Priyamvada C. & Mansi Verma

Tencent trimmed or sold stakes in Indian portfolio companies, including PB Fintech and Dream11, in recent years

(REUTERS)

With India easing restrictions under Press Note 3, Chinese investors are showing early signs of revived interest in the country. Tech giant Tencent has signalled a renewed appetite for India's digital economy.

"India is a vibrant ecosystem for technology innovation and entrepreneurship. We remain a committed partner to invest in and support collaborations and initiatives that foster India's technology, video gaming, media and digital content innovation, and the broader digital economy in accordance with applicable laws," a Tencent spokesperson told Mint.

The company trimmed or sold stakes in Indian portfolio companies, including PB Fintech and Dream11, in recent years, amid India's stringent foreign direct investment (FDI) rules.