Tuesday, September 29, 2015

Alibaba, Ant Financial invest in Indian m-commerce firm Paytm

Paytm will use the fresh capital mainly to achieve scale and develop its mobile commerce and payment ecosystem in India Chinese e-commerce giant Alibaba Group and its affiliate Ant Financial Services (Alipay) have made a strategic investment in Noida-based One97 Communications, parent of Indian m-commerce major Paytm. While the transaction details are not officially disclosed,...
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