Chinese Ant Group considers selling their 30% shares in Paytm

The Chinese Ant Group has about 30% stake in the Indian online payment giant Paytm. Because of the ongoing tensions and competition between the two nations, it was heard that maybe the Ant Group is going to backout and sell its shares but when asked, a Paytm employee said that no such discussion has taken place. If in case this transaction goes through, the Ant Group will lose its goal of becoming the global e-wallet leader.