Alibaba group invests in Paytm 5/5 (1)

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Source: www.technewstoday.com

After Ant Financial’s most recent investment, it is now an investor in both notorious ecommerce rivals Paytm and Snapdeal. Though both have different core businesses (one in e-retail and the other in mobile recharge and payments), they are both attempting to expand their market into each other’s fields, and are known to share a rocky relationship. Ecommerce firms rarely share a common investor, much less those with an open rivalry like these. Rumours of a possible future merger between Paytm and Snapdeal are already in the air but have been denied by officials of all parties concerned.

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