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Paytm Appoints Ex-Alibaba Chief as VP

Paytm, an Indian e-commerce shopping website, has appointed ex-Chief of Alibaba Group Holding Ltd., Bhushan Patil, as its new Vice President. Patil worked with Alibaba for over five years, during which time he helped run the company website. Alibaba has already invested US$680 million in Paytm this year and realizes the importance of expanding its operations outside India for further development and believes Patil’s expertise will facilitate this process.

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