India's Paytm E-Commerce raises $200 million from Alibaba, SAIF Partners

MUMBAI (Reuters) - India's Paytm E-Commerce Pvt Ltd has raised $200 million from China's Alibaba Group Holding and venture capital fund SAIF Partners to expand its online retail business in a market dominated by homegrown Flipkart and U.S. tech giant Amazon.

from Reuters: Technology News http://ift.tt/2lGYH8L