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@ MoneyControl

Alibaba hits pause on fresh India investments

Alibaba Group Holding, one of the biggest investors in Indian startups such as Paytm, Big Basket, Snapdeal and Zomato, is temporarily halting fresh investments in the country as the Chinese e-commerce giant reviews its India strategy. Alibaba has still to exit any of its investments in India, unlike other late-stage investors such as SoftBank, Tiger Global, Naspers and Tencent, which have become very active, after raking in billions of dollars from the $16 billion acquisition of Flipkart by Walmart last year. Alibaba is likely to focus more on smaller early-stage deals in India.

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