Alibaba to invest $177 mn in Paytm E-Commerce, hike stake to 62%

AlibabaPaytm E-Commerce Pvt. Ltd, the online marketplace arm of One97 Communications Ltd, is raising $200 million (Rs 1,334 crore) in a funding round led by Alibaba Singapore E-Commerce Pvt. Ltd, a wholly-owned subsidiary of Chinese internet giant Alibaba Group Holding Ltd, a financial daily reported on Thursday. Alibaba will invest $177 million (Rs 1,182 crore) […]

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Alibaba to buy majority stake in Rocket Internet’s e-com venture Lazada for $1B

AlibabaMaking its largest oversees acquisition, Chinese e-commerce titan Alibaba Group Holding Ltd has agreed to buy a controlling stake in Southeast Asia-focused horizontal e-tailer Lazada Group for about $1 billion. Alibaba will invest $500 million in newly issued shares of Rocket Internet-backed Lazada besides paying $500 million to acquire shares from its existing shareholders. The […]

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Why Alibaba wants to invest in competing Indian e-tailers

AlibabaChinese e-commerce titan Alibaba Group Holding Ltd seems to be fixated on acquiring interests in Indian e-commerce majors, especially those that directly compete with its global rival Amazon Inc. After backing Snapdeal and Paytm, recent news reports suggest that Alibaba is making a beeline to invest in the country’s largest e-commerce player Flipkart. The news […]

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Alibaba Q2 revenue soars 32% led by mobile

Chinese e-commerce titan Alibaba Group Holding Ltd said on Tuesday second-quarter revenue jumped 32 per cent, driven mainly by its mobile platform. Revenue for the July-September period rose to 22,171 million yuan, or $3.49 billion, from 16,829 million yuan a year earlier, the NYSE-listed company said in a statement. Mobile revenue soared 183 per cent […]

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Paytm raises fresh funding from Alibaba, Ant Financial

One97 Communications Ltd, which runs mobile wallet and e-commerce venture Paytm, has raised a fresh round of funding from NYSE-listed Alibaba Group Holding Ltd and its existing investor Ant Financial. Ant Financial, a group firm of Alibaba, had initially invested in Paytm in February along with SAIF Partners. To be updated

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Foxconn, Alibaba & others invest $500M in Snapdeal; eBay pares stake

Online marketplace Snapdeal said on Tuesday that it has raised $500 million (Rs 3,250 crore) in fresh funding led by iPhone manufacturer Foxconn, Chinese e-commerce giant Alibaba and existing investor SoftBank. Its other existing investors Temasek, BlackRock, Myriad and PremjiInvest also participated in this round, as per a press statement. Separately, e-commerce giant eBay said […]

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Amazon scales past Wal-Mart and Alibaba as most valued retailer after Q2 earnings surprise

Amazon.com Inc posted a positive earnings surprise in the second quarter ended June 30, 2015 which set its share price on fire helping it scale past Wal-Mart and Alibaba as the most valued retailer. Wal-Mart is the largest retailer by sales while China’s Alibaba is the world’s top e-commerce firm by gross merchandise value (GMV). […]

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Alibaba Group invests $590M in Chinese smartphone maker Meizu

China’s e-commerce giant has announced that it is investing over half a billion dollars ($590 million to be exact) in Meizu Technology Corporation Ltd, one of China’s leading smartphone manufacturers, for a minority stake. The investment will be subject to customary closing conditions. “The investment in Meizu represents a significant expansion of the Alibaba Group […]

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China’s AliPay to pick 25% stake in One97

Ant Financial Services Group, China’s leading online financial services company that owns AliPay, is all set to acquire 25 per cent stake in Noida-headquartered mobile internet firm One97 Communications Ltd. The financials of the deal are not disclosed. Ant Financial, an affiliate of China’s Alibaba Group Holding Ltd, will provide One97’s m-com and virtual wallet […]

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