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Why some investors are betting on competing businesses

Monday, September 12, 2016 | More »

Spreding_fe
Two weeks ago, Taiwanese chip designer MediaTek invested $60 million in One97 Communications, which runs Paytm, a mobile wallet platform and an online shopping site. In itself, the transaction is not unusual – Paytm is raising funds for growth and MediaTek is known for backing innovative firms. Wh...