Paytm may buy Alibaba-owned UCWeb's India business for $500mn
Paytm is reportedly in talks to buy Chinese e-commerce giant Alibaba-owned mobile browser UCWebâs India business. The transaction is expected to be valued at $400-$500 million, according to reports. The digital payments startup had earlier acquired TicketNew, a Chennai-based online movie ticketing platform for $40 million from the Jack Ma-led company. 