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Posts Tagged ‘ Alibaba ’

Alibaba’s UCWeb to invest $29 mn in India, Indonesia to grow news platform

Thursday, January 19, 2017 | More »

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Mobile Internet firm UCWeb, owned by Alibaba Mobile Business Group, plans to invest $29.3 million (Rs 200 crore) in the Indian and Indonesian market over the next two years. The investment will be used to tap user-generated content in India via its news distribution and content platform UC News, the...

Kalyan-Krishnamurthy

Will Tiger man Kalyan Krishnamurthy ride Flipkart out of trouble?

Shedding whatever remaining trappings of an advisory role, venture capital investor Tiger Global has taken direct control of Flipkart with the appointment of its former executive Kalyan Krishnamurthy as CEO of the e-commerce firm. Krishnamurthy will be responsible for the company’s profit and ...

11 January, 2017 | More »

Jack Ma, founder & executive chairman, Alibaba Group

Alibaba’s impending entry to alter India’s e-commerce landscape

Jack Ma-owned Alibaba will soon open its first India office in Mumbai’s posh business district Bandra-Kurla Complex (BKC), according to a report in a business daily last week. For this purpose, it has rented 3,221 sq ft of office space at Rs 275 per sq ft per month, the report added. Even on t...

2 January, 2017 | More »

Alibaba

Alibaba gearing up for India entry, to open office in Mumbai

Further fueling speculations of its imminent entry into the Indian market, Chinese e-commerce major Alibaba Group is establishing its first office in the country in Mumbai. Jack Ma-owned Alibaba is setting up an office at Bandra-Kurla Complex (BKC) in Mumbai, reports Business Standard. The company h...

29 December, 2016 | More »

Vijay Shekhar Sharma, Founder, Paytm

Vijay Shekhar Sharma sells 1% in One97 to raise $48.1 mn for payments bank

Paytm’s founder and chief executive Vijay Shekhar Sharma has sold 1% of his holding in the digital wallet’s parent firm One97 Communications Ltd, to raise nearly $48.1 million (Rs 325 crore). With the latest transaction, One97’s valuation reportedly stands at $4.8 billion (Rs 32,438.4 cror...

9 December, 2016 | More »

startup

Why Baidu is cautious about investing in Indian startups

Chinese web services giant Baidu is conspicuously slow and cautious in investing in Indian startups when compared to its peers Alibaba and Tencent. Though Baidu set up its India office late last year and initiated discussions with three-four consumer internet startups in India the firm has not yet p...

8 December, 2016 | More »

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Paytm to merge wallet business with payments bank

One97 Communications Ltd, the owner of digital wallet Paytm, said on Monday it will merge its wallet business with its upcoming payments bank to comply with Reserve Bank of India’s directions. The digital wallet will be transferred after the company gets necessary regulatory approval to start Payt...

5 December, 2016 | More »

Vijay Shekhar Sharma

Why Paytm halted mobile PoS rollout just a day after launch

Just a day after the blockbuster launch of its mobile point-of-sale (PoS), mobile wallet firm Paytm has halted the rollout of its App PoS. The launch – which would have taken Paytm’s total merchants count from 15 lakh to 1.5 crore in just a week (as per the company’s claims) – has be...

25 November, 2016 | More »

Vijay Shekhar Sharma, Founder, Paytm

Paytm founder on mobile PoS app, payments bank launch, marketing spend and more

Mobile wallet firm Paytm, which claims to have over 158 million customers in India, has launched what it called India’s first mobile point-of-sale application, App PoS. It will act as a virtual PoS that will enable small merchants to accept all card payments including Rupay, Visa, MasterCard and M...

23 November, 2016 | More »

Sachin Bansal

Not afraid of Amazon or Alibaba, says Sachin Bansal; stresses on ecom cos’ need to raise funds

Flipkart co-founder and executive chairman Sachin Bansal said ecommerce companies will need to continue raising funds to invest in functions such as talent and technology as the sector is still at its infancy. “E-commerce will need a lot more investments because the market is constantly growing, i...

16 November, 2016 | More »

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