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Financial Markets

Alibaba-Backed Paytm Says It Has Enough Funds for Five Years

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.”

Financial Markets

Alibaba-Backed Paytm Says It Has Enough Funds for Five Years

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.”