Alibaba may be investing in Indian mobile commerce startup

mobile commerce payments smartphone shopping

Alibaba could have plans to invest some $500 million into Paytm E-commerce in India is booming, and this fact has not gone unnoticed by Alibaba. The Chinese company, which has managed to find significant success in the mobile commerce space, has plans to invest some $500 million in an Indian startup that has a focus on the mobile space. The service, Paytm, comes from One97 Communications, one of India’s leading e-commerce and digital payments companies. The service already has a strong following, and attention from Alibaba and other investors may…

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