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Posts Tagged ‘ Alibaba Group ’

Exclusive: China’s Tencent close to investing more than $150 mn in FreeCharge

Wednesday, August 31, 2016 | More »

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Snapdeal, India’s third-largest e-commerce venture is in talks with Chinese Internet giant Tencent to raise more than $150 million for its digital payments platform FreeCharge, a person close to the development told VCCircle. “Tencent and FreeCharge have had intense discussions over the past two...

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Exclusive: Paytm valued at $4.8 bn in new funding round

One 97 Communications Ltd, which runs mobile payments and e-commerce platform Paytm, has received commitment of $60 million (Rs 403 crore) from Taiwanese chipmaker MediaTek Inc.’s Mountain Capital fund as part of its ongoing fundraising exercise. A person directly familiar with the development...

29 August, 2016 | More »

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Why a deal with Snapdeal is a more logical choice for Flipkart than Amazon

India’s e-commerce industry could see a major shake-up if online retailer Snapdeal’s preliminary conversations with local rival Flipkart and US-based Amazon to explore a possible merger make any headway. But a Flipkart-Snapdeal merger is a more likely scenario than a deal between Snapdeal and Am...

18 August, 2016 | More »

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Exclusive: Snapdeal explores merger talks with Flipkart, Amazon

Snapdeal, India’s second-largest homegrown online retailer, has initiated preliminary talks with staunch rivals Flipkart and Amazon to explore a possible merger that could realign the country’s e-commerce industry. Two people directly aware of the development said that Snapdeal is open to a merg...

18 August, 2016 | More »

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Exclusive: Snapdeal eyes nearly $1.2 bn valuation for FreeCharge

Online marketplace Snapdeal is looking to sell a stake in unit FreeCharge at a valuation of as much as $1.2 billion (Rs 8,000 crore), a person aware of the development said, as the retailer seeks to monetise its investment in the digital payments company it acquired last year. Snapdeal has been in d...

12 August, 2016 | More »

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Alibaba-owned 9Apps enters shopping aggregation space in India

9Apps, an Android app marketplace owned by Chinese e-commerce bellwether Alibaba Group Holding Ltd, is entering the shopping aggregation space in India. The firm will now offer multiple features on its app for users, along with its existing role as provider of Android apps and games, it said in a st...

2 August, 2016 | More »

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Can Alibaba still catch up with Amazon in India?

When Amazon.com Inc founder and CEO Jeff Bezos announced an additional $3 billion investment in India last week, the aim was not only to compete with local e-commerce players Flipkart and Snapdeal. Amazon was also seeking to gain an upper hand before China’s Alibaba Group establishes its prese...

11 June, 2016 | More »

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Amazon to ramp up India bet with $3 bn more

Amazon.com Inc founder and CEO Jeff Bezos said the company plans to invest $3 billion more in its India operations, as the US e-commerce giant strengthens its presence to take on domestic rivals such as Flipkart and Snapdeal. The additional planned investment takes the total amount that the company ...

8 June, 2016 | More »

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Paytm appoints Alibaba executive as president

One97 Communications Ltd, which runs mobile wallet and e-commerce platform Paytm, has appointed former Alibaba Group Holding executive Bhushan Patil as its president. Patil, who headed Alibaba Group’s wholesale business, will be responsible for building Paytm’s cross-border commerce business, th...

28 March, 2016 | More »

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Alibaba vs Amazon – Who will win the India battle?

Over the past year or so, Jack Ma-led Alibaba Group has invested in Indian mobile wallet firm and online marketplace Paytm and e-commerce company Snapdeal. The Chinese e-commerce titan now plans to establish a direct presence in India this year, as it looks to expand outside its home market. Aliba...

21 March, 2016 | More »

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