Alibaba Arm Buys 25% In Paytm Parent For $700 M

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When Jack Ma visited India in November, he said he was keen to do business with companies here. In just two months, the Chief Executive Officer of Alibaba has made good his intention by taking a 25 per cent stake in Paytm, a mobile commerce company.

“Jack Ma has deep pockets and knows where to invest. Alibaba has lot of intellectual properties (IPs) in a lot of backend systems from which Paytm can benefit directly,” said Sanchit Vir Gogia, Founder and CEO of Greyhound Knowledge Group.

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