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With this strategic funding, Alibaba is getting a strong foothold in the subsequent frontier of mobile payments. By doing so, it is slicing the grass from underneath Tencent’s toes in the struggle for worldwide expansion. The Chinese E-commerce giants dispatched greater than one hundred engineers to Paytm to have the ability to help them scale their business. Given the fact that India is dealing with comparable challenges than China did a couple of yr back, Alibaba’s expertise could be just...