You are here: Home » Companies » News
Agility opens storage facility for pharma products at Hyderabad airport
Business Standard

Jack Ma had struck Alibaba-Paytm deal last January

Alibaba president Evans to be on 7-member board, new-look platform by Diwali

Topics
Alibaba-paytm

Karan Choudhury & Nivedita Mookerji  |  New Delhi 



Jack Ma, Vijay Shekhar Sharma
Jack Ma (left) withVijay Shekhar Sharma

It was back in January 2016 when Jack Ma, founder of Chinese e-commerce major Alibaba, took the key partnership decision on entering the fast-growing online retail market, a source told Business Standard. Ma, in India at that point, narrowed down on Vijay Shekhar Sharma’s wallet-to-payments bank venture Paytm, where the Alibaba Group was already the largest investor, as a future partner for his e-commerce foray into India, it has been learnt. It was a one-on-one deal, without any merchant banker’s involvement.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Fri, February 03 2017. 23:59 IST

RECOMMENDED FOR YOU

.