Bicycle-sharing startup Ofo to ride out of India after just 7 months

Vijayakumar Pitchiah

Ofo, the Chinese bicycle-sharing unicorn backed by Alibaba, has decided to exit India just seven months after launching its services ....

10 July, 2018

WeChat's owner Tencent expands India play with cloud entry

Shweta Sharma

Tencent Holdings, which owns China's top social media app WeChat, is all set to bring its cloud service to India, The Economic ....

3 July, 2018
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Byju's hits revenue milestone, claims to have turned profitable

Anand J

Byju’s posted revenue of more than Rs 100 crore last month, prompting the ed-tech firm to revise its annual revenue guidance ....

20 June, 2018

Google to invest $550 mn in Walmart-backed Chinese e-tailer JD.com

Reuters

Google will invest $550 million in Chinese e-commerce powerhouse JD.com, part of the U.S. internet giant’s efforts to expand ....

18 June, 2018

Vernacular app NewsDog gets $50 mn from Tencent, others

Shweta Sharma

NewsDog, a Hindi and vernacular app founded by Chinese entrepreneurs and downloaded 10 million times on Google Play Store, has ....

22 May, 2018

South African tech investor Naspers logs out of Flipkart with $2.2 bn in cart

Dearton Thomas Hector

South Africa-based internet group Naspers said on Wednesday it has sold its entire 11.18% stake in Indian online retailer Flipkart ....

9 May, 2018
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Alibaba talks up progress in self-driving tech in quest to catch up with Baidu

Anirban Ghoshal

Chinese e-commerce and technology company Alibaba Group has announced making rapid progress on the autonomous-driving front, a ....

19 April, 2018

Love thy neighbour: How Chinese cheques are fuelling Indian startups

Anand J

The early days of the venture capital boom saw money flowing into India from all parts of the world. Funding started to dry up ....

18 April, 2018

Naspers raises $9.8 bn from 2% Tencent share sale; may invest in OLX, Swiggy, PayU

Anand J

South African technology major Naspers announced on Friday that it has raised $9.8 billion from the sale of 2% of its holdings in ....

22 March, 2018

Why ed-tech startup Byju’s will build, not buy, for its global expansion

Anand J & Dearton Thomas Hector

Ed-tech startup Byju’s plans to start offering its services outside India from September, as it enters its next growth phase ....

9 March, 2018
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How Tencent, the world's largest gaming firm, is rebuilding its India biz

Binu Paul

Chinese internet conglomerate Tencent Holdings Ltd is looking to step up its India presence by betting on its biggest global money-spinner: ....

7 March, 2018

Digital music is booming in India but players can't afford to be one-hit wonders

Binu Paul & Anand J

In a matter of hours last Wednesday, music streaming services in India suddenly came under the spotlight.  First, ....

5 March, 2018

Where is Flipkart spending nearly $1 bn from last funding round?

Anand J

Flipkart is infusing nearly $1 billion in three units in India to take on global giant Amazon in the ecommerce market. Subsidiaries ....

3 March, 2018

Ola puts in another $7.68 mn into cab-leasing arm

Vijayakumar Pitchiah

Taxi aggregator Ola, operated by ANI Technologies Pvt. Ltd, has made a fresh infusion of Rs 50 crore ($7.68 million) ....

28 February, 2018

eBay takes $61 mn impairment hit on Snapdeal investment

Anand J

Global e-commerce firm eBay Inc. has written down its investment in online marketplace Snapdeal but recorded gains by selling ....

8 February, 2018

Exclusive: Ola to shut down bus unit Shuttle

Manu P Toms

Indian ride-hailing company Ola is completely shutting bus unit Ola Shuttle after scaling it down in several cities in recent ....

6 February, 2018

Exclusive: Tiger Global may be part-exiting Flipkart with 3x return

Manu P Toms

Tiger Global, the biggest investor in Flipkart, may have struck a deal with Microsoft and other new investors to sell a part of ....

21 March, 2017

Flipkart raises $1 bn in down round: Report

Dearton Thomas Hector

Flipkart Pvt Ltd, the Singapore-based holding company of India's largest e-commerce marketplace, has reportedly raised $1 billion ....

20 March, 2017

Flipkart may raise $1.5 bn from Tencent and eBay

Vijayakumar Pitchiah

Homegrown e-commerce major Flipkart is in talks to raise $1.5 billion (Rs 10,000 crore) from Chinese Internet giant Tencent and ....

16 March, 2017

Flipkart in talks to raise $1.5 bn from Microsoft, eBay and others

Binu Paul

Home-grown ecommerce major Flipkart is in talks with a bunch of investors to raise a significantly large round of investment as ....

22 February, 2017

Paytm investor Alibaba's Ant Financial to buy US firm MoneyGram for $880 mn

Team TC

In step with its international ambitions, Ant Financial Services Group, the payment business arm of Chinese e-commerce giant Alibaba ....

27 January, 2017