News Alibaba enters India’s e-commerce space with 25% stake in Paytm owner One97

[Deepu]

When two eCommerce superpowers of the world join hands – Ant Financial Services Group which is an Alibaba Affiliate, has acquired a 25% stake in Indian mobile commerce platform Paytm owner One97 Communications.

Alibaba enters India’s e-commerce space with 25% stake in Paytm owner One97 by Stay Charged - Paytm.com

 

[Deepu]

Rata Tatan picks up stake in Paytm

“I’m happy that someone like him (Tata) has put his faith and trust in our values and mission. There is no better adviser for Paytm,” said Vijay Shekhar Sharma, founder of Paytm. We are extremely proud to welcome Mr. Ratan Tata to the circle of our investors!

Rata Tatan picks up stake in Paytm by Stay Charged - Paytm.com

 

[Technoglitch]

Paytm goes big now.

 

[Devesh]

Yes paytm expending themselves very well..

 

[IndianMascot]

E-commerce is flourishing very well in India now. And it's best time to enter into this market.

 

[Sanjeev]

Alibaba ka jadoo chal gaya they are flourishing the market with so many tie ups

 

[Teufel]

Amzon and Flipkart are still the best. No comparison.
Alibaba= Chinese products= Duplicate products.

 

[NinadG]

So now Alibaba will teach PayTM to sell duplicate chinese products in India...............

Btw Ratan tata is investing in many startups after retirement...............

 

[IndianMascot]

Its Alibaba and now we can have 40 thief

 

[DashMajor]

So they will send 40 thieves to rob us

But good to see Tata is active even after retirement investing on companies being single.