Which e-commerce company acquired 25% stake in mobile commerce firm Paytm?
Alibaba
Understanding Alibaba's Acquisition of Paytm Stake
The question asks to identify the specific e-commerce company that invested in the mobile commerce firm Paytm, acquiring a 25% stake. This strategic investment was a significant move in the digital payments and e-commerce landscape.
Key Details of the Acquisition
The global e-commerce powerhouse, Alibaba, made a substantial investment in the Indian mobile commerce company, Paytm. This acquisition involved securing a 25% stake in Paytm.
Significance of Alibaba's Investment
This investment by Alibaba highlighted the growing importance of the mobile commerce sector in India and Paytm's potential as a major player. Acquiring a 25% stake allowed Alibaba to gain significant influence and access to India's rapidly expanding digital payments market through Paytm.
Considering the options provided:
- Alibaba: The correct option, known for its extensive e-commerce operations and strategic investments globally.
- Snapdeal: Another e-commerce company, but not the one involved in this specific acquisition.
- Flipkart: A major competitor in the Indian e-commerce market, but not the investor in this case.
- Amazon: A global e-commerce giant, but Alibaba was the company that acquired the stake in Paytm.
Therefore, Alibaba is the e-commerce company that acquired a 25% stake in the mobile commerce firm Paytm.
Important Questions from Acquisitions and Merger
Which among the following banks merged with the Indian Bank with effect from April 2020?
Which one of these is the parent company of Google?
Which of the following acquired the licence from Green Gold Licensing & Merchandising India Pvt. Ltd. to manufacture and distribute action figures of Chhota Bheem?
In November 2020, Mercedes-Benz collaborated with ______ to offer financial benefits to potential HNI (High Net Worth Individual) customers.
Consider the following statements regarding regarding Easebuzz and its recent RBI authorization:
1. Easebuzz is now authorized to operate as a digital lending platform.
2. The RBI license allows Easebuzz to function as an online payment aggregator.
3. This authorization enhances Easebuzz's role in the Indian fintech sector.
Mark the correct statement from the above using the codes given below:
