LAC face-off: How border tension with China has hit Indian startups
Rarely have two words in an obscure document like IPO prospectus raised as many eyebrows as the use of “significant influence” by Ant Group. A part of the Chinese Alibaba Group, Ant used the term to describe its 30% stake in the Noida-based One97 Communications, Paytm's parent company. Paytm said 'Significant influence’ is an accounting term and doesn't imply firm's nationality.
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Rarely have two words in an obscure document like IPO prospectus raised as many eyebrows as the use of “significant influence” by Ant Group. A part of the Chinese Alibaba Group, Ant used the term to describe its 30% stake in the Noida-based One97 Communications, Paytm's parent company. Paytm said 'Significant influence’ is an accounting term and doesn't imply firm's nationality.
