A decade after Jack Ma’s bet, Paytm’s China ties end

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Chinese financial services giant AntFin is selling its remaining 5.8% stake in rel=”dofollow” href=”https://economictimes.indiatimes.com/one97-communications-ltd/stocks/companyid-2017785.cms” target=”_blank”>One 97 Communications, the parent company of rel=”dofollow” href=”https://economictimes.indiatimes.com/one97-communications-ltd/stocks/companyid-2017785.cms” target=”_blank”>Paytm, for Rs 3,800 crore. This move comes after another key investor, Japan’s SoftBank, exited its entire holding in 2024.

The exits mark the end of a high-profile Japanese-Chinese investor chapter in Paytm’s journey, from becoming India’s most valued startup at $15 billion, to a lacklustre IPO in 2021, and a volatile public market performance thereafter.

Gradual exits

Since Paytm’s public listing, AntFin has been…



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A decade after Jack Ma’s bet, Paytm’s China ties end



Chinese financial services giant AntFin is selling its remaining 5.8% stake in rel=”dofollow” href=”https://economictimes.indiatimes.com/one97-communications-ltd/stocks/companyid-2017785.cms” target=”_blank”>One 97 Communications, the parent company of rel=”dofollow” href=”https://economictimes.indiatimes.com/one97-communications-ltd/stocks/companyid-2017785.cms” target=”_blank”>Paytm, for Rs 3,800 crore. This move comes after another key investor, Japan’s SoftBank, exited its entire holding in 2024.

The exits mark the end of a high-profile Japanese-Chinese investor chapter in Paytm’s journey, from becoming India’s most valued startup at $15 billion, to a lacklustre IPO in 2021, and a volatile public market performance thereafter.

Gradual exits

Since Paytm’s public listing, AntFin has been…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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