China’s Ant Group is considering selling its 30% stake, worth around $ 4.8bn, in Paytm amid tensions between the two Asian neighbours, said news agency Reuters. Financial details of the possible transaction were not known and the Alibaba-backed firm is yet to launch a formal sale process. Paytm was valued at about $16 bn during its latest fundraising a year ago. Both Ant and Paytm said that the information was incorrect.

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