
Paytm shares fall 8% after Alibaba block deal report
The Paytm stock ended the day at ₹542.25 on the BSE, down 6.4%.
The Paytm stock ended the day at ₹542.25 on the BSE, down 6.4%.
The business magnate has tried to keep a low profile since his criticism of Chinese authorities in 2020, which followed a major crackdown on the Chinese tech sector.
The exit of Alibaba and Ant Financial has brought down the valuation of Paytm Mall by more than 99% to a mere $13 million from its peak valuation of $3 billion in 2020.
Warren Buffett’s Berkshire Hathaway is likely to double its investment in Paytm if the fintech’s parent, One97 Communications, is valued at $21.5 billion.
Paytm is rallying Indian developers for its mini app store in a bid to challenge Google’s dominance in the market. It also fits squarely into its plans of being a super app. Will it succeed?
The mob attack on Capitol Hill and the sudden silence of Jack Ma present a tipping point in the global order. Can India rise to present its case?
From selling ringtones to running what can be called an Internet conglomerate, Sharma has stayed relevant and is also creating an ecosystem. Now, he wants to take Paytm to the developed world.
In a cluttered media and entertainment landscape, an Indian company and an American one have joined hands to create content for the world.
With the latest acquisition, bigbasket aims to grow its business by about 200% in the next 12 months. Alibaba-backed bigbasket forayed into the milk-delivery space in 2018.
They have received 25 times more funding than the $550 million in 2010, according to data analytics firm Tracxn.