Chinese sellers may soon be able to compete directly on a a large scale with Indian sellers as Alibababacked Paytm has embarked on an exercise to lure vendors from the neighbouring country to sell on its Paytm mall. Read more at: http://timesofindia.indiatimes.com/articleshow/65141808.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst SOURCE: Times of India
Paytm buys TicketNew from Alibaba
Paytm has acquired TicketNew — a Chennai-based online ticketing startup — in an all-stock deal to strengthen its entertainment ticketing business. Paytm Entertainment, run by the online payments major, has bought out the majority stake held by Alibaba Pictures — an arm of China’s internet behemoth Alibaba — valuing the company at around $30 million. […]
Paytm Mall unveils software for retailers
Paytm Mall will be investing $30 million to roll out a new inventory management solution — Paytm Mall PoS — across more than one lakh retail stores in the current year. The solution, unveiled by Paytm Mall on Wednesday, will allow retailers to view their sales, manage pending orders, customer billing, payments, among other things. […]
SoftBank, Alibaba to invest $445 million in Paytm E-Commerce
SoftBank Group is investing $400 million (26.05 billion Indian rupees) in India’s Paytm E-Commerce Pvt. Ltd. in a funding round that will value the online retailer at roughly $1.9 billion, a regulatory filing showed on Monday. Alibaba , an existing investor in Paytm E-Commerce, is also putting in $45 million in the round, the filing […]
Demonetisation made people understand mobile payments
Digital payments are not driven solely by cash backs any more, they are now convenience centric, said Paytm founder and CEO Vijay Shekhar Sharma, in an interview. The mobile payments firm has stopped offering cash backs to ‘repeat’ customers. Paytm, backed by Japan’s Softbank and China’s Alibaba, has seen a fourfold rise in monthly transactions […]
Paytm eyes online deals companies Nearbuy and Little
In a bid to develop a sizeable deals business, Paytm is in talks to make two acquisitions in this space, people familiar with the development said. The Noida-based company is in talks with Nearbuy , formerly known as Groupon India, for an acquisition while it is also moving ahead on its plan to acquire its […]
Alibaba wants to play larger role in mobile content business
Jack Ma’s Alibaba group wants to play a larger role in the Indian internet market even as it looks for a stronger play in the online market-place and mobile wallets business through Paytm. The company is now planning investments as well as acquisitions in the mobile content area as well as online-to-offline (O2O) space – […]