Alibaba’s first Indian investment to fuel international competition with Amazon....
Alibaba’s first Indian investment to fuel international competition with Amazon. It is reportedly making the $575 million investment in India’s One97 Communications, an online payment and marketplace business, according to The Wall Street Journal. Alibaba to Invest About $575 Million in Indian Online-Shopping Service, Paytm www.wsj.com Chinese e-commerce giant Alibaba Group Holding and its financial-services affiliate have agreed to jointly invest about $575 million in India’s One97 Communications’ online-payment and marketplace businesses, a person familiar with the matter said. ...