CRI听力:Alibaba, SAIF invests 200 million dollars in Paytm
2017-03-10来源:CRI
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Alibaba has announced its buying a major stake in Indian e-commerce firm Paytm.
Alibaba is investing 177-million into Paytm, giving it a 36-percent stake in the firm.
The Chinese company is already the largest shareholder in One97 Communications, which itself controls a stake in Paytm E-Commerce.
Paytm is best known in India for its e-wallet system, which has over 200-million users in India, but also handles direct-deposits for employee payments.
For more on this, we are joined live by CRI financial analyst Cao Can
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