FRANCHISE HERALD
Sunday February 19, 2017

updated - February 19, 2017 Sunday EST

Alibaba plans to enter Indian market with new investment in Paytm

Feb 03, 2017 10:31 AM EST
Tags
Alibaba Group
Alibaba Group
Alibaba Group(Photo : creative common)

Alibaba is planning an investment of between Rs 1,350 crore and Rs 1,700 in the online retail marketplace Paytm, reports the Economic Times.

Sources have told the newspaper that this deal will mark the formal entry of the Chinese major into the Indian market where it will compete with the likes of US' Amazon and India's Flipkart.

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