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(单词翻译:双击或拖选)
Alibaba has invested 177 million U.S. dollars into Paytm. [Photo: techweb.com]
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 shareholder1 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 analyst2 Cao Can.
1 shareholder | |
n.股东,股票持有人 | |
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2 analyst | |
n.分析家,化验员;心理分析学家 | |
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