Even within China, economic slowdown and stiffer competition may hit growth.
After gaining 300 million mobile wallet users in India, the firm has now expanded operations to Japan via PayPay Corporation, a joint venture established by SoftBank Corp and Yahoo Japan Corporation.
In 2020-2021, the amount of foreign direct investment into India from China and Hong Kong plummeted to just $200 million -- its lowest in the recent past. In the first half of 2021-2022, FDI investments through these two nations stood at just $36 million.
Every customer, on opening a Payments Bank account, will get a cashback of Rs 250 as soon they bring deposits of Rs 25,000 in their bank account. The account will have zero balance requirement and every online transaction (such as IMPS, NEFT, RTGS) will be free of charge.
Alibaba Group Holdings Ltd may scrap plans to invest in online marketplace Snapdeal, technology website Recode has reported.
High-networth individuals and domestic funds from India are eyeing a slice of the much-touted mega IPO of Chinese e-commerce giant Alibaba, which looking to raise an eye-popping $21.1 billion.
India finished the penultimate day on 39-1, still 381 behind the target
Facebook's Mark Zuckerberg is at the second place.
China has overtaken the US as the world largest online retail market with $442 billion compared to US.
Alibaba in talks to invest up to $700 million in Snapdeal
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The stock jumped significantly on listing.
Alibaba will acquire 25 per cent stake in One97 Communications.
Prime Minister Narendra Modi, who did not make it to the final eight selected by TIME for the annual 'Person of the Year' title, has been hailed as one by its readers in an online poll conducted by the publication.
10 odd images from the world
It is watching e-commerce policy fineprint before spelling out India plan
Premji is ranked 13th on Forbes' first ever list of '100 Richest People In Tech', followed by Nadar on the 14th spot.
Xi spoke of the importance of implementing the new development philosophy and advancing the new development paradigm of "dual circulation" in the country's new development phase to ensure a good start for the 14th Five-Year Plan (2021-25) period.
The government believes that WTO's push for initiating negotiations on substantive obligations related to e-commerce will oblige India to permanently accept the current moratorium on imposing customs duties on products traded electronically.
Sleep has been a casualty for Vijay Shekhar Sharma, whose wallet company Paytm has a user base of close to 150 million and is working 20 hours a day.
Meru Cabs is in talks with Chinese e-commerce giant Alibaba.
Ashwin smashed 106 in front of delirious home crowd to prove there was no demon in the pitch.
Its market capitalisation tops those of the 3 largest Indian firms combined
What explains Vijay Shekhar Sharma's optimism when other players have started to tread cautiously is Paytm's huge customer base: It has 120 million users and counting, says Nivedita Mookerji.
Amid news that the company was planning to scale down its online marketplace business and eventually exit it, Paytm Mall is targeting Rs 10,000 crore in business over the next 12 months, says Karan Choudhury.
Rohit's 162-run partnership with Ajinkya Rahane dragged the hosts back into the contest, before England dismissed both in the final session.
Diane Wang's DHgate makes inroads into India's e-commerce ahead of Jack Ma's Alibaba.
Arora's appointment brings no real transfer of power, says Una Galani.
At the GO-JEK hackathon in Bengaluru, there were over 100 people working on their projects. Most were between the ages of 25 and 30. All except the CoderDragons: Mrinal Jain is 11, and Shreyas Katuri is 12. Nikita Puri meets the pre-teens who are building a virtual voice assistant named Erica.
Microsoft founder Bill Gates with an estimated fortune of $78 billion heads the list
Joe Root admitted that Pant was a big factor in his side not declaring in their second innings even after the lead crossed the 400-run mark.
What's hot? What's not? What's next? C P Gurnani shares his highlights of the World Economic Forum Annual Summit in Davos.
Microsoft co-founder Bill Gates tops list of the world's top 25 richest self-made billionaires.
The prime minister lamented on the lack of unanimity amongst the member states on the issue of terrorism, saying it dents those very principles, that are the basis for the creation of the United Nations.
Chasing a record 482 for an improbable victory, England endured a top order collapse to finish day three on 53-3, still 429 behind at Chennai's MA Chidambaram Stadium.
The hosts finished day two on 54-1 for an overall lead of 249 runs on a deteriorating track.
Images from Day 4 of the first Test between India and England, at the M A Chidambaram stadium, in Chennai.
The 78th Annual Golden Globe awards have been announced. A quick look at the winners.
The company is modelling its many ventures on Alibaba in China.
Exercise. Check e-mails. Wake up to a cup of tea.
Here's the recipe that will help you make these delicious Kannada recipes: Maddur Vada, Ennagai Palya, Jack Fruit Mulaka and Jolada Rotti.
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