Alibaba's First Investment in India's Ecommerce Industry

Paytm, which was launched as an ecommerce website in 2010 in India, which then became India’s largest mobile payment platform, announced a fresh round of funding of $500 million from Chinese e-commerce giant Alibaba and its finance arm, Zhejiang Ant Small & Micro Financial Services Group. The funding will be used for technology development and marketplace operations of the ...

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