PayTM, a consumer shopping Android app has launched an e-commerce mall modeled on TMall, China’s dominant e-commerce platform. With Alibaba's and SAIF Partners' infusion of $200 million into Paytm, an Indian payment and commerce company based out of Delhi NCR, the company is now valued at $1 billion. Paytm e-commerce...
Alibaba Invests $200 Million in India's Paytm
Valuing India's Paytm E-Commerce Private Limited at about $1 billion, China's Alibaba Group Holding Limited, will invest $180-200 million in the online retailer, taking the stake of Alibaba and its affiliate Ant Financial to more than 50 percent. Paytm e-Commerce is an entity created by Noida-based One97 Communications Ltd., which...
India Tops in Trust of Institutions in Global Report
An online survey of more than 33,000 respondents conducted between October 13 and November 16, 2016 by Edelman, the world's largest public relations firm, and reported in the 2017 Edelman Trust Barometer, revealed that trust is in crisis around the world, and the largest-ever drop in trust was recorded across...
China's Nubia to Expand Smartphone Operations in India
Over the next five years, China's smartphone maker Nubia will invest $100 million in India in mobile technology startups and to forge partnerships with local content creators as part of its strategy to build an ecosystem around its products in India. It also plans to start production in India soon....
India's Property Market May Flourish in 2017
Word on the street was that India's November 2016 demonetization of high value currency notes would have a significant impact on the real estate price; here is what the experts say: Forbes reports that 2017 will be a bumper year for India's real estate market as well as for its...
Apple Requests India for Manufacturing, Labelling Concessions
Serious about manufacturing iPhones in India, Cupertino, California-based Apple has requested concessions from India's government. These are exemptions from the country's product labeling regulations, and tax relief. The company has filed a formal request to India's Department of Revenue and Department of Electronics and Information Technology requesting to be excluded from the...