Alibaba and its financial services affiliate, Zhejiang Ant Small & Micro Financial Services, are learnt to have agreed to acquire a combined 30% stake in One97 Communications, an Indian online payment and marketplace company, for about $575m.
Alibaba to take stake in Indian e-commerce firm at $2bn-plus valuation
Alibaba and its financial services affiliate, Zhejiang Ant Small & Micro Financial Services, are learnt to have agreed to acquire a combined 30% stake in One97 Communications, an Indian online payment and marketplace company, for about $575m.