Alibaba, Ant Financial invest in Indian m-commerce firm Paytm

Alibaba, Ant Financial invest in Indian m-commerce firm Paytm

Paytm founder and chief executive Vijay Shekhar Sharma. Photo: Ramesh Pathania/Mint

Chinese e-commerce giant Alibaba Group and its payments arm Ant Financial Services Group are investing an undisclosed amount in online payments processor and marketplace Paytm, the companies said in a statement on Tuesday.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter