SoftBank, Alibaba invest $445m in India’s Paytm
SoftBank Group and Alibaba Group have invested $445 million in Paytm Mall, the e-commerce arm of Indian online payments platform Paytm.
SoftBank will commit $400 million, while Alibaba will provide the rest, according to filings with the Registrar of Companies cited by the Economic Times. The investment is expected to raise Paytm Mall’s...
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