India's Paytm's nexus with Chinese Ecommerce giant Alibaba
Paytm Ecommerce P Ltd, which is the e-commerce arm of One ninetyseven communications, was demerged from the company. The reason for the demerger was associated to be found to be the Chinese investment. Alibaba along with its payments affiliate Ant Financial has a combined shareholding of 40% in the demerged unit. This was increased to more than 62%
Posted from http://giccp.com/indias-paytms-nexus-with-chinese-ecommerce-giant-alibaba/
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