China’s Ctrip hikes stake in MakeMyTrip fivefold to 49%

The deal will be the single largest investment by a Chinese internet company in an Indian one till date, exceeding Alibaba Group’s close to $1.2 billion in mobile payments company Paytm and its e-commerce unit Paytm Mall.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2DACFzr