{"id":135655,"date":"2020-12-03T09:23:07","date_gmt":"2020-12-03T09:23:07","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=303683"},"modified":"2020-12-03T09:23:07","modified_gmt":"2020-12-03T09:23:07","slug":"ant-group-denies-mulling-paytm-stake-sale","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2020\/12\/03\/ant-group-denies-mulling-paytm-stake-sale\/","title":{"rendered":"Ant Group denies mulling Paytm stake sale"},"content":{"rendered":"

<\/p>\n

\tAlibaba’s financial arm Ant Group rejected speculation it was considering offloading its stake in Indian mobile wallet company Paytm due to continued deterioration in relations between China and India, Reuters reported.<\/p>\n

The news agency reported a sale was mooted by unspecified sources, but added the companies had each shot down the idea: a Paytm representative told it there had been “no discussions” among major shareholders.<\/p>\n

Ant Group also issued a denial on Twitter.<\/p>\n

The Reuters story is untrue. We are disappointed that Reuters decided to run the story based on false information. pic.twitter.com\/2LhVVYWFQj [1]
\n\u2014 Ant Group (@antgroup) December 2, 2020 [2]<\/p>\n

Talk of a potential sale comes against a backdrop of growing political tensions between India and China, which has seen a build up of military forces along the national borders and a series of clampdowns on Chinese technology.<\/p>\n

A high profile example is the banning of more than 200 Chinese apps [3] by India’s Ministry of Electronics and Information to date.<\/p>\n

Reports earlier this year indicated the Indian government was also considering action to prevent Chinese equipment vendors [4] providing mobile infrastructure to state-owned operators.<\/p>\n

[1] https:\/\/t.co\/2LhVVYWFQj
\n[2] https:\/\/twitter.com\/antgroup\/status\/1334090665135800323?ref_src=twsrc%5Etfw
\n[3] https:\/\/www.mobileworldlive.com\/apps\/news-apps\/india-targets-more-chinese-apps
\n[4] https:\/\/www.mobileworldlive.com\/featured-content\/home-banner\/huawei-zte-in-firing-line-of-india-china-friction<\/p>\n\n

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<\/p>","protected":false},"excerpt":{"rendered":"

Alibaba\u2019s financial arm Ant Group rejected speculation it was considering offloading its stake in Indian …<\/p>\n

The post Ant Group denies mulling Paytm stake sale<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n<\/div>","protected":false},"author":248,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"Ant Group denies mulling Paytm stake sale - ITTeacherITFreelance.hk","description":"Alibaba\u2019s financial arm Ant Group rejected speculation it was considering offloading its stake in Indian ... The post Ant Group denies mulling Paytm stake sale"},"footnotes":""},"categories":[11,8,21],"tags":[],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/135655"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/248"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=135655"}],"version-history":[{"count":1,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/135655\/revisions"}],"predecessor-version":[{"id":135656,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/135655\/revisions\/135656"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=135655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=135655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=135655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}