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Alibaba, SAIF Partners pump $200m into India's Paytm E-Commerce

Fresh Chinese investment is aimed at taking on Amazon and Flipkart

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Paytm signs are popping up at shops across India.   © Reuters

MUMBAI -- Chinese e-commerce powerhouse Alibaba Group Holding and venture fund SAIF Partners are investing a total of about $200 million to help India's Paytm E-Commerce boost its domestic presence against such majors as Amazon of the U.S. and Flipkart of India, according to sources.

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