China's Alibaba sells remaining stake in India's Paytm for $167m

China's Alibaba sells remaining stake in India's Paytm for $167m

FILE PHOTO: A Paytm QR code is seen at a grocery shop in Mumbai, India, November 10, 2021. REUTERS/Niharika Kulkarni

China’s Alibaba Group has sold its remaining stake in the Indian digital payments firm Paytm for about 13.78 billion rupees ($167.14 million) through a block deal, stock exchange data showed on Friday.

Bring stories like this into your inbox every day.

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