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Vijay Shekhar Sharma of Paytm, which has big Chinese investments, says Chinese apps ban is ‘in national interest’ 

Paytm counts China's Alibaba and Ant Financial as its major investors.

June 30, 2020 / 09:29 PM IST

Paytm founder Vijay Shekhar Sharma said on June 30 that the government's ban on 59 Chinese apps was a bold move, which was in the national interest.

Paytm, run by One97 Communications, counts China's Alibaba and Ant Financial as major investors.

"Bold step in the national interest. A step towards Atmanirbhar (self-reliant) App ecosystem. Time for the best Indian entrepreneurs to come forward and build the best by Indians, for Indians," he tweeted.

Alibaba and its affiliate entities own over 25 percent in One97 Communications, including Paytm Mall, Paytm Money and its other units.