Paytm may spin off marketplace in November, paving way for Alibaba entry

Paytm may spin off marketplace in November, paving way for Alibaba entry

Paytm will spin off its marketplace business next month , a top company source said , setting the stage for china’s Alibaba to establish a direct incidence in the hotly aggressive Indian online retail space.India is an important market and paytm is an important stetegic partner,”an alibaba spokesperson said,declining to comment on speculation regarding the spainoff”.

The Alibaba group has been present in india through paytm and snapdeal , and a direct entry for the Chinese ecommerce group is expected to heighten competition and result in a shakeout in the industry . paytm’s ecommerce marketplace.”This year we have lined up total benefits of more than RS.1,000 crore including an discounts on three days of the maha bazaar sale”.

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Paytm may spin off marketplace in November, paving way for Alibaba entry                                                                                                                                                                                                                      For More Details Click Here…                                                                                                                   

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