糖心视频

What’s the next frontier for China’s corporate giants? Food delivery in India.

, which is like a combination of Yelp and Postmates, has accepted a $210 million investment from (鈥檚 Singapore branch). This investment comes just months after the Fintech giant invested 聽in Zomato.

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According to Zomato鈥檚 in March, the company planned to offer 鈥渕ore convenient and seamless payment options to its users in partnership with Ant and Ant鈥檚 strategic mobile wallet partners鈥� in India, Australia, and the Middle East. Ant鈥檚 latest investment into Zomato likely reaffirms that commitment, but a significant partnership and a swath of money isn鈥檛 enough to call a win.

China-based Tencent is also reportedly in talks with , Zomato鈥檚 primary competitor in India, about a deal that could funnel up to into the company. Swiggy has also previously received investments from , the Tencent-backed food delivery (and everything else) company which went public in Hong Kong earlier this year.

The capital invested in India and Southeast Asia-based companies has fueled competition among companies in various verticals. However, the monetary affection Tencent and Ant Financial have in Zomato and Swiggy may be limited to ensuring that neither gives up status in the battle to own wallets.