Tencent
Exclusive: Swiggy close to securing $900 mn in fresh funding round led by Naspers
Online food delivery startup Swiggy is close to finalising a term sheet to raise up to $900 million (about Rs 6,625 crore at current ....
Will Alibaba, Tencent’s investments in Indian startups lift their cloud prospects?
Ever since its inception seven years ago, BigBasket, the country’s largest online grocery startup, has been dialling Amazon ....
Ed-tech startup Byju’s acquires Math Adventures to develop K3 product
Bengaluru-based Think and Learn Pvt. Ltd, which operates digital ed-tech venture Byju’s, has bought math learning platform ....
Bicycle-sharing startup Ofo to ride out of India after just 7 months
Ofo, the Chinese bicycle-sharing unicorn backed by Alibaba, has decided to exit India just seven months after launching its services ....
WeChat's owner Tencent expands India play with cloud entry
Tencent Holdings, which owns China's top social media app WeChat, is all set to bring its cloud service to India, The Economic ....
Byju's hits revenue milestone, claims to have turned profitable
Byju’s posted revenue of more than Rs 100 crore last month, prompting the ed-tech firm to revise its annual revenue guidance ....
Google to invest $550 mn in Walmart-backed Chinese e-tailer JD.com
Google will invest $550 million in Chinese e-commerce powerhouse JD.com, part of the U.S. internet giant’s efforts to expand ....
Vernacular app NewsDog gets $50 mn from Tencent, others
NewsDog, a Hindi and vernacular app founded by Chinese entrepreneurs and downloaded 10 million times on Google Play Store, has ....
South African tech investor Naspers logs out of Flipkart with $2.2 bn in cart
South Africa-based internet group Naspers said on Wednesday it has sold its entire 11.18% stake in Indian online retailer Flipkart ....
Alibaba talks up progress in self-driving tech in quest to catch up with Baidu
Chinese e-commerce and technology company Alibaba Group has announced making rapid progress on the autonomous-driving front, a ....
Love thy neighbour: How Chinese cheques are fuelling Indian startups
The early days of the venture capital boom saw money flowing into India from all parts of the world. Funding started to dry up ....
Naspers raises $9.8 bn from 2% Tencent share sale; may invest in OLX, Swiggy, PayU
South African technology major Naspers announced on Friday that it has raised $9.8 billion from the sale of 2% of its holdings in ....
Why ed-tech startup Byju’s will build, not buy, for its global expansion
Ed-tech startup Byju’s plans to start offering its services outside India from September, as it enters its next growth phase ....
How Tencent, the world's largest gaming firm, is rebuilding its India biz
Chinese internet conglomerate Tencent Holdings Ltd is looking to step up its India presence by betting on its biggest global money-spinner: ....
Digital music is booming in India but players can't afford to be one-hit wonders
In a matter of hours last Wednesday, music streaming services in India suddenly came under the spotlight. First, ....
Where is Flipkart spending nearly $1 bn from last funding round?
Flipkart is infusing nearly $1 billion in three units in India to take on global giant Amazon in the ecommerce market. Subsidiaries ....
Ola puts in another $7.68 mn into cab-leasing arm
Taxi aggregator Ola, operated by ANI Technologies Pvt. Ltd, has made a fresh infusion of Rs 50 crore ($7.68 million) ....
eBay takes $61 mn impairment hit on Snapdeal investment
Global e-commerce firm eBay Inc. has written down its investment in online marketplace Snapdeal but recorded gains by selling ....
Exclusive: Ola to shut down bus unit Shuttle
Indian ride-hailing company Ola is completely shutting bus unit Ola Shuttle after scaling it down in several cities in recent ....
Exclusive: Tiger Global may be part-exiting Flipkart with 3x return
Tiger Global, the biggest investor in Flipkart, may have struck a deal with Microsoft and other new investors to sell a part of ....
Flipkart raises $1 bn in down round: Report
Flipkart Pvt Ltd, the Singapore-based holding company of India's largest e-commerce marketplace, has reportedly raised $1 billion ....