Alibaba and Ant Financial first invested about US$680 million in digital payment firm Paytm in 2015. India 's government is in talks to buy a minority stake of between 10 % and 15 % in Indian news aggregator and e - bookstore ##s , Indian media has reported . The company is backed by Chinese new - recommendation app developers . Alibaba reportedly values it at about $ 500 m .
India 's government is in talks to buy a minority stake of between 10 % and 15 % in Indian news aggregator and e - bookstore ##s , Indian media has reported . The company is backed by Chinese new - recommendation app developers . Alibaba reportedly values it at about $ 500 m .