Alibaba's Ant Financial buys 25% of India's One97

The Hangzhou-based Ant Financial, Alibaba's finance arm, agreed to buy 25 percent of Indian payment services provider One97 Communications, tapping into the potentially huge online retail market in India, according to a statement on Feb 5.

Visitors walk past an advertisement for Ant Financial Services, an affiliate of Chinese e-commerce giant Alibaba Group at an exhibition in Hangzhou city, East China's Zhejiang province, November 30, 2015.[Photo/IC]