Titanium Media App reported on May 17 that India’s Paytm E-Commerce Private Limited (PEPL, also known as Paytm Mall) announced that its strategic focus has shifted from traditional e-commerce of physical goods to B2B exports and Open Network Digital Commerce (ONDC). With the strategic adjustment, the shareholders of PEPL have also changed, and Alibaba Group and Ant Group have withdrawn from PEPL. At the same time, One 97 Communications Limited, the listed entity of Paytm, the "Indian version of Alipay", has no direct or indirect equity relationship with PEPL in the announcement, and Alibaba and Ant Group's shareholdings in Paytm remain unchanged.
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- 2022-05-17Alibaba Group and Ant Group withdraw from Indian e-commerce Paytm Mall
- 2022-03-15Indian payment giant Paytm shares plunged 13%: its banking business received a ban from the Reserve Bank of India
- 2021-11-22 “Alipay of India” Paytm’s share price plummeted by more than 11%, falling for the third consecutive day
- 2021-11-18India’s “Alipay” Paytm is listed, Ant Group holds 25% of the shares as the largest shareholder
- 2021-10-27It is reported that Indian payment giant Paytm will IPO next month, seeking a valuation of 20 billion US dollars
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