Future Tech Tech News

Paytm will invest $177 million for a majority stake in Alibaba

  • By
  • March 4, 2017

Paytm will invest $177 million for a majority stake in Alibaba

Paytm Alibaba will invest Rs 1,180 crore to increase its holding

Alibaba is one of the largest e-commerce websites in China to increase its holding in the Paytm 177 million (Rs.1, 180 crores) will invest. Alibaba’s investment in India’s online retail industry is showing signs of entry, where it will compete directly with Amazon India and Flipkart. The Alibaba stake in Snapdeal.¬†Paytm will invest $177 million for a majority stake in Alibaba

China’s largest e-commerce company Alibaba Group Holding Ltd. Investment Company with television (SAIF) Partners Paytm online Marketplaces unit of 200 million dollars (Rs.1340 crore) to invest. Of this $ 17.7 million investment in Alibaba E-Commerce, Pvt Ltd will be from Singapore. According to the Registrar of Companies in the filing, the investment unit Vijay Shekhar Sharma Paytm One97 Communications Pvt Ltd, will be e-commerce. And the rest will be invested by SAIF Partners.

 

What is the intention of Alibaba: Alibaba fact of its global rivals Amazon and Flipkart local market leader wants to hit straight? Snapdeal 3 percent stake in Alibaba and its mobile web browser UC Web in India holds a substantial holding.

Paytm Alibaba: Alibaba associate your payment with anti-Financial Paytm 40 per cent stake. And that this large collective investment as well as increases this stake to 62 per cent.

No Comments Found

Leave a Reply