Sunday, August 2, 2015

Snapdeal raises US$500M from Alibaba, Foxconn and Softbank

The deal signals Alibaba’s desire to gain traction in India’s rocketing e-commerce market Indian e-commerce startup Snapdeal*raised US$500 million in their latest round, as first reported late Sunday by Re/Code. China’s online marketplace*giant Alibaba, Taiwanese manufacturer Foxconn, and Japanese telecom corporation Softbank all participated in the deal. Details of the investment were not released. The...
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