Talks may lead to investment in Snapdeal
Print Edition
ALIBABA is in talks with Indian online marketplace Snapdeal over a potential cash investment, a source familiar with the negotiations said, in what would be the Chinese e-commerce giant’s first direct investment in India.
Snapdeal competes in India with bigger rivals Flipkart.com and Amazon.com, and media reports have said it is seeking US$1 billion in its latest funding round to fuel growth.
In October, Snapdeal secured a US$627 million investment from Japan’s Softbank, itself an early backer of Alibaba.
The source, who declined to be named as talks are not public, said yesterday that talks were “ongoing,” confirming Indian media reports. The source said Alibaba was “looking, but there’s still no deal.”
A second source familiar with the matter confirmed the two sides had spoken in the past and said investor interest was “high,” but gave no detail on any current negotiations.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
