So what’s trending today on Twitter is to boycott Paytm because of the fact that Paytm has the largest shareholder which is Alibaba and Alibaba is a Chinese multinational which has made investments in multiple companies. Even though Paytm is an Indian company that has an investment from Alibaba still people are trending “Paytm” on twitter to boycott under the campaign boycott China. Paytm which employs a maximum number of Indian youth and has attracted many traders to use its payment platform is facing a backlash from Twitterati’s.
In March 2015, Paytm received its huge stake from Chinese e-commerce company Alibaba Group, after Ant Financial Services Group, an Alibaba Group affiliate, took 40% stock in Paytm as part of a strategic agreement. Soon after, it received backing from Ratan Tata, the MD of Tata Sons.
