Reuters first to report China’s Ant considers Paytm stake sale amid tensions with India

Business & Finance

Reuters was first to report that Chinese fintech giant Ant Group is considering selling its 30% stake in Indian digital payment processor Paytm, amid tensions between the two Asian neighbors and a toughening competitive landscape. Ant’s possible exit from Paytm would mark another reversal for the Chinese company, hot on the heels of the dramatic suspension of its $37 billion stock listing last month, which would have been the world’s largest. The main trigger for Ant to consider the divestment of its stake in Paytm is the worsening diplomatic relations between India and China in the past few months. 

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Equities

Regions: AsiaMiddle East

Countries: ChinaIndia

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Major Global Story

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