News Snapshot:
An ad for the PayTM online payment system on an auto rickshaw in Bengaluru, India. (Photo: VCG) Alibaba-backed Indian digital payment firm Paytm is reportedly preparing for a massive IPO that would be the largest in India, which underscores the importance of Chinese investment for India's internet industry, analysts said on Sunday. However, Paytm may be the last Indian start-up to achieve such great success with the support of Chinese investments, as investors are shunning investment in India amid tense bilateral relations, analysts noted. Paytm has hired four banks, including JP Morgan Chase & Co and Goldman Sachs Group Inc,...
