Alibaba, SoftBank Invest $222M In Indian E-commerce Platform Paytm Mall


China’s largest retailer Alibaba Group Holding has joined SoftBank to invest 15 billion India rupee (US$222 million) in Indian e-commerce platform Paytm Mall, as part of the 30 billion India rupee funding commitment initially announced in April, according to Indian local media reports. The deal values Paytm Mall, owned by Paytm E-Commerce Private Ltd, between US$1.6 billion to US$2 billion, two people familiar with the matter told Indian local media. In a regulatory filing accessed by Indian media, Paytm Mall …

Alibaba, SoftBank Invest $222M In Indian E-commerce Platform Paytm Mall appeared first on China Money Network.


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