Alibaba and Ant Financial Offload Stakes in India’s Paytm Mall
Paytm E-commerce Private Limited (PEPL), the parent entity of Indian e-commerce marketplace Paytm Mall, announced on May 15 that its strategic focus has shifted from traditional physical e-commerce to B2B exports and “Open Network for Digital Commerce.” With this strategic adjustment, Alibaba Group and Ant Financial have exited …
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