TITLE

Alibaba In Talks For India Payment Firm Stake: Report

AUTHOR(S)
DOUG TSURUOKA
PUB. DATE
January 2015
SOURCE
Investors Business Daily;1/12/2015, p00
SOURCE TYPE
Newspaper
DOC. TYPE
Article
ABSTRACT
The article reports that Alibaba Group Holdings Ltd, e-commerce company is focused on negotiations to purchase a 550 million dollars stake in Indian online payments platform, One97 Communications. It mentions that One97 plans to use the investment of Alibaba to gain the leading share of India's online payments market. One97 has more than 20 million users.
ACCESSION #
100379353

 

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