Thursday, February 5, 2015

Alibaba’s affiliate to pick 25 per cent stake in Indian firm One97

One97 counts among its key investors VC funds including SAIF Partners, Intel Capital, Sapphire Ventures, Saama Capital and Silicon Valley Bank Ant Financial Services Group, an online financial services company operated by Alipay*(a unit of Chinese e-commerce giant Alibaba Group) has agreed to acquire 25 per cent stake equity in Indian mobile internet firm One97...

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