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Alibaba's Game Platform Is Making Moves In India

|Includes: AGTEF, BABA, Berkshire Hathaway A (BRK.A), BRK.B

India's leading e-commerce and digital wallets portal PayTM have recently launched rummy and fantasy sports games on its mobile app.

The rummy and fantasy sports games are accessible on the Paytm homepage and are operated by the ‘Gamepind’ brand, the skill gaming joint venture between Alibaba-backed Chinese technology company AGTech and One97 Communications Limited the parent company of Paytm. Alibaba is a major shareholder of One97 along with Japan's Soft bank and Berkshire Hathaway.

GamePind, India's mobile, and online game platform company has enormous potential.  They have access to over 300 million mobile phone carrying customers of PayTM.  PayTM is India's biggest online payment processing company (e-wallet) as well as a leading e-commerce platform company. 

It is only matter of time before GamePind becomes a multi-billion dollar gaming platform.  GamePind is 55% owned by One97 and 45% owned by Hong Kong's AGTech (8279 HK, AGTEF)

Disclosure: I am/we are long BABA. AGTEF.