Line and Mercari are teaming up to face powerful rivals, such as Ratuken, SoftBank and India's Paytm.

Paytm Mall, the latest entrant into India’s online retailing market, de-listed thousands of suspect sellers from its platform to avoid backer Alibaba's reputation as a haven for fakes.

A valuation of over $1.1 billion makes the spinoff India’s newest unicorn, and its founder and chief executive officer Vijay Shekhar Sharma a unicorn-founder twice over.

One97 Communications Ltd., the owner of an Indian online payment processor backed by Alibaba Group Holding Ltd.’s finance arm, said funds at its disposal were enough to last five years, enabling it to build a business model that is “predictable.”

Chinese e-commerce giant Alibaba Group Holding Ltd and finance arm Ant Financial Services Group are injecting fresh capital into Paytm, India's largest mobile payment and commerce platform.

Chinese e-commerce giant Alibaba Group Holding Ltd is in advanced talks to invest in Indian online payment platform and e-commerce firm Paytm, two sources with knowledge of the matter said.