After signing off from Paytm, Alibaba affiliate inks near 5x exit move in India
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After signing off from Paytm, Alibaba affiliate inks near 5x exit move in India

By TEAM VCC

  • 29 Nov 2023
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After signing off from Paytm, Alibaba affiliate inks near 5x exit move in India
Alibaba Group sign at a conference in Shanghai. | Credit: Reuters/Aly Song

China’s Alibaba Group, which sold its stake in Paytm parent One97 Communications Ltd earlier this year after virtually writing off its investment in Paytm Mall, has pressed on the exit button again on another Indian portfolio company.   Alipay, a digital payments platform associated with Alibaba, sold around a third of its ......

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