Jack Ma made his last public appearance on October 24 at an event in Shanghai, where he had claimed that China “stifles innovation” and had drawn a parallel between Chinese banks and “pawn shops”.

Paytm IPO: While the prospectus didn't specify what portion of their holdings these major investors will sell, it said that founder Vijay Shekhar Sharma also plans to sell a part of his 14.6 percent stake

A statement by Alibaba said the company also had suspended "relevant parties suspected of violating our policies and values," asserting that it had a "zero-tolerance policy against sexual misconduct."

The development comes after India subjected Chinese investments to extra scrutiny last year after their soldiers clashed on the border and New Delhi worried about investors from the neighbour doing opportunistic takeovers during the pandemic.

The industry’s newfound swagger was on full display Monday, when Indigo agreed to buy 500 Airbus SE jets, eclipsing a record set only months ago by Air India.

Paytm has come to a level where it is looking interesting, but investing in the company still comes with a lot of ifs and buts.