Alibaba builds position in India’s Paytm – report

China’s Alibaba is in “advanced talks” to buy a stake in India m-commerce firm Paytm, as the country’s mobile payments market looks set for rapid expansion. According to Reuters, the deal would see Alibaba directly invest about $600 million in …

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Alibaba leads investment in Indian m-pay firm — report

Alibaba and its Alipay unit are in negotiations to acquire a 30 to 40 per cent stake in One97 Communications, the Indian owner of a leading m-commerce platform called Paytm,  according to Reuters. This price would be about $550 million. …

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