Paytm raising US$200-250M from Chinese e-commerce giant Alibaba

Leading m-commerce platform Paytm, run by Noida-based One97 Communications, is raising investment in the range of US$200 million to US$250 million from Chinese e-commerce behemoth Alibaba Group, according to The Economic Times. With the fresh infusion of funds, Alibaba Group has increased its stake in the company to 50 per cent. A formal announcement in this regard is expected in … Continue reading Paytm raising US$200-250M from Chinese e-commerce giant Alibaba