Mountain Capital, the investment arm of Taiwan’s semiconductor firm MediaTek, has invested US$60 million in Paytm, India’s largest mobile payment and commerce platform 25% owned by Alibaba Group Holdings Ltd.’s financial services affiliate. The strategic investment was made at a US$4.83 billion valuation, and is part of a potential US$300 million round the company is […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.