Alibaba Group Holding and Asia-focused private equity and venture capital firm SAIF Partners have invested US$200 million in Paytm E-Commerce, an online consumer marketplace subsidiary of India-based mobile internet company One97 Communications. Alibaba acquired a 36.31 percent stake for US$177 million, while SAIF Partners acquired a 4.66 percent stake for US$23 million. Paytm plans to use the capital to expand its online retail business.