According to unnamed sources, in April China's Alibaba Group will favourably consider raising its stake in Paytm, India's e-commerce and mobile wallet company that is valued at $3.4bn. The move would be a major boost for the Indian startup as it seeks to expand into emerging markets such as China where there are more than 500 million internet users.
According to unnamed sources, in April China's Alibaba Group will favourably consider raising its stake in Paytm, India's e-commerce and mobile wallet company that is valued at $3.4bn. Currently, the Chinese e-commerce company, along with affiliate Ant Financial, holds around 40%, making it the largest stakeholder.