How logjam with China has hit Indian startups like Paytm | News – Times of India Videos


Sep 19, 2020, 03:35PM ISTSource: TOI.in

Ant, a part of the Chinese giant Alibaba Group, has used the term “significant influence” to describe its 30% stake in One97 Communications. One97 Communications is the parent company of widely used micro payments system Paytm. Alibaba has a financial stake in Paytm and had invested around $1.2 billion in the company in 2015, giving it around 45% stake. The trigger for attention was the ongoing tension between India and China, which has made people scrutinise everything Chinese.

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