The IPL-Dream11 Affair And The Game Of Chinese Money In Indian Sports

The IPL-Dream11 Affair And The Game Of Chinese Money In Indian Sports

SUMMARY

Chinese investments in Indian companies run deep, with the IPL’s new title sponsor Dream11 also counting Tencent as one of its investors

Chinese multinational conglomerate Tencent Holdings also owns a stake in BYJU’S — official sponsor for Indian cricket team

India’s nascent startup economy, which needs capital, can’t do away with Chinese investments anytime soon

Amid growing scrutiny over the presence of Chinese companies and their investments in India, Indian fantasy sports platform Dream11 replaced Chinese technology company Vivo as the title sponsor for the Indian Premier League’s (IPL) 2020 edition. Dream11 has also been the official partner of the IPL since last year.“We are of the considered opinion that awarding sponsorship to Dream11 is nothing but a bypass route to neglect the sentiments and feelings prevailing among the people of India against China for its regular attempts to invade the interests of India,” CAIT added.Praveen Khandelwal, the National Secretary-General of the CAIT, was immune to this logic. “What’s the point of Aatma Nirbhar Bharat, if we are still allowing these Chinese companies to invest in our country? At a time when the world is respecting us for taking a stand against China, we shouldn’t let Chinese money sponsor one of the biggest sporting events,” he told Inc42, adding that if a fully homegrown Indian investor is hard to find, the IPL should be cancelled for the year.

But does Dream11 winning title sponsorship rights promise less dissection into brand IPL and the indirect Chinese investments it receives? Not entirely.

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