Alibaba announced that it will invest USD 177 million in Paytm E-Commerce, an Indian online retail retailer, with an aim to expand its presence in India, reported South China Morning Post on March 3. Following its acquisition of a controlling stake in an Southeast Asian online retailer Lazada for USD 1 billion in April last year, Alibaba is poised to make its second major regional expansion. Upon the completion of acquisition, Alibaba will seize a 36.31% stake in Paytm E-Commerce, while SAIF will have a 4.66%. This investment is expected to pave the way for the long-awaited entry of Alibaba into India as Paytm e-wallet service boasts to have more than 200 million users in India, according to the same source.