Chinese-funded unicorns/startups like Paytm, Ola face users' ire

Top Indian consumer-focused unicorns like Paytm, Ola, Zomato, MakeMyTrip and others backed by Chinese capital are facing the ire of consumers. Users are targeting the Google Play Store ratings of these apps, citing their ‘Chinese connection’ even as experts feel that hardware products like smartphones will be harder to discard.

Most of these mobile applications have seen over the last one week increasing comments and lowest possible ratings from consumers. Some of the users are even uninstalling the apps as they are backed by China’s largest internet companies like Tencent, Alibaba and Ctrip. But interestingly, all these companies are run by Indian entrepreneurs based out of the country.

The down-voting of these apps hasn’t yet changed overall ratings significantly, but indicates the broader consumer sentiment gaining traction following the killing of 20 Indian soldiers owing to a border conflict with China in Ladakh.

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