VIVO Group sold 51% equity of its Indian subsidiary to the local Tata Group in India. Vivo's revenue in India last year was 298.7 billion rupees, while Tata only spent 10.88 billion rupees to acquire 51% of its shares.

This is a very clear lesson for Chinese companies. India uses its big pupulation to attract investments from China to help develop the mobile phone industry. As the industry gradually matures, the Indian government not only restricts them from remitting profits back to China, but also gradually demands that Chinese companies increase their Indian executives, introduce Indian capital, arrest Chinese management personnel, and ultimately use blackmail to seize control of Chinese companies at low prices.

I have been saying before that the core personality of Indians is "cheap". They have an unusually desire for benefits beyond the moral bottom line, and even they do not care if it will harm their own interests in the long run, because they can no longer resist the desire to swallow immediate benefits.

With the lessons learned from the mobile phone industry, the Chinese government needs to reflect on and introduce comprehensive policies on Chinese investment in India. Enterprises should not be allowed to invest in india individually, but collectively under the guide of Chinese gov.

Not only high-tech industries such as drones, EVs, and PV, but also basic industries such as electricity, fertilizers, and steel also need to restrict Chinese companies from investing in India. Indians can indeed rob Chinese mobile phone companies, but they themselves cannot even develop the air conditioning industry, although there is clearly a huge market demand.

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