Four top Alibaba executives join Paytm e-commerce's board
Paytm's e-commerce unit, majorly owned by China's Alibaba Group Holdings, has inducted SAIF Partner's Managing Partner Ravi Adusumalli and four top executives from Alibaba to its board of directors. The newly-elected five members will join Paytm Founder Vijay Shekhar Sharma and Vice President Amit Sinha on the board. Last year, Paytm separated its e-commerce and payments businesses.