General merchandise

Alibaba to splash out $500m on Indian mobile payment platform

By 12 January 2015

At $25bn (£16.5bn), Alibaba’s float in the US last year was the largest ever global IPO.

Chinese etailer Alibaba is in advance talks to snap up a $500m (£330.4m) stake in India’s One97 Communications’ mobile payment platform Paytm.

 

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