Alibaba to invest INR 4000 crore in Paytm

To bland the worlds e-commerce giant Amazon, Alibaba is to invested 4000 crore rupees in m-commerce giant Paytm. Alibaba has picked happening 25 per cent stake in Paytms parent company One97 through its auxiliary Ant Financial. Earlier it has over and ended in addition to investments in Snapdeal, FreeCharge and now Paytm which is the largest mobile payments tune in India. Paytm has concerning 80 million digital wallets and Alibaba is eager in this major mobile commerce artist in this mobile-first avow to topple the largest global opponent Amazon. Through the partnership when Alibaba Indian e-commerce players now furthermore has admission to Chinese make known. It should be noted that the Indian merchants are second biggest sellers by now insinuation to Alibaba portal after the Chinese.