Xinhua, New Delhi :
With its rapidly growing economy and geographical advantages, India is now becoming an important destination for Chinese investors going global.
Unlike traditional China-India cooperation, which was mainly in the field of import and export trade, industrial synergizing has come to the fore as a new trend of cooperation between Indian enterprises and their Chinese partners.
The development of Paytm, now India’s largest mobile e-commerce platform, is an epitome of the emerging trend.
According to Vijay Shekhar Sharma, the founder of Paytm, just three years ago, his company was only a mobile payment company with just 25 million users and limited application scenarios.
Now, strategic cooperation with Ant Financial Services Group, a major Chinese e-commerce company, has made quite a difference.
Based on the similarities between the Chinese and Indian markets in population structure, consumer habits and business scenarios, Ant Financial Services brought Paytm a development strategy already proved effective in the Chinese market.
With its rapidly growing economy and geographical advantages, India is now becoming an important destination for Chinese investors going global.
Unlike traditional China-India cooperation, which was mainly in the field of import and export trade, industrial synergizing has come to the fore as a new trend of cooperation between Indian enterprises and their Chinese partners.
The development of Paytm, now India’s largest mobile e-commerce platform, is an epitome of the emerging trend.
According to Vijay Shekhar Sharma, the founder of Paytm, just three years ago, his company was only a mobile payment company with just 25 million users and limited application scenarios.
Now, strategic cooperation with Ant Financial Services Group, a major Chinese e-commerce company, has made quite a difference.
Based on the similarities between the Chinese and Indian markets in population structure, consumer habits and business scenarios, Ant Financial Services brought Paytm a development strategy already proved effective in the Chinese market.
