CNBC – 9/29/15: Alibaba and its financial services arm, Ant Financial, have made a “strategic” investment in India’s largest mobile payment and commerce platform, Paytm, as investors flock to get a piece of the burgeoning Indian start-up scene. The deal was disclosed on Tuesday but Alibaba did not reveal the size of the stake or the valuation of Paytm. Ant Financial, which runs services such as the Alipay mobile wallet, already took a 25 percent stake in One97 Communications in February, the owner of Paytm, in a transaction worth around $500 million, according to media reports at the time.
Click here to read more: http://www.cnbc.com/2015/09/29/alibaba-takes-stake-in-indian-mobile-payments-firm-paytm.html

Subscribe to the comments for this post?

Share this on Facebook

Share this on LinkedIn

Email this to a friend?

Share this on del.icio.us

Add this to Google Reader

Share this on Technorati

Seed this on Newsvine

Share this on Blinklist

Share this on FriendFeed

Add this to Google Bookmarks

Post on Google Buzz

Post this to MySpace

Share this on Plaxo

Submit this story to Propeller

Add to a lense on Squidoo

Stumble upon something good? Share it on StumbleUpon

Share this on Tumblr

Buzz up!