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Alibaba and Ant Financial Offload Stakes in India’s Paytm Mall
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Alibaba and Ant Financial Offload Stakes in India’s Paytm Mall

May 18, 2022
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Alibaba and Ant Financial Offload Stakes in India’s Paytm Mall
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Alibaba and Ant Financial Offload Stakes in India’s Paytm Mall
(Source: Indian Retailer)

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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