Japanese telecom and internet conglomerate SoftBank Group Corp. has offered to buy shares from investors and former and existing employees of Flipkart Ltd, valuing the e-commerce marketplace at $9-10 billion, three...
Infibeam seen in talks to sell minority stake to Fairfax Financial Holdings
Infibeam is in talks with Prem Watsa’s Fairfax Financial Holdings to sell a minority stake, a person with direct knowledge of the matter said, even as the local ecommerce firm looks to expand into offline retail.The...
Alibaba goes offline with $2.9 billion stake in China’s top grocer
Internet giant Alibaba Group Holding Ltd (BABA.N) said on Monday it would invest HK$22.4 billion ($2.87 billion) for a major stake in China’s top hypermart operator, Sun Art Retail Group Ltd (6808.HK), part of a wider...
Alibaba seeks CCI nod to buy stake in BigBasket
Chinese e-commerce major Alibaba Group Holding Ltd has sought approval of the Competition Commission of India (CCI) for acquiring stake in online grocery start-up, BigBasket. “The proposed combination relates to the...
TeleTech buys majority stake in safety services company Motif
TeleTech Holdings Inc. on Thursday said that it is acquiring a majority stake in Motif Inc., a digital trust and safety services company based in India and the Philippines. Based in Ahmedabad, Motif caters to online...
Cash-rich Flipkart in talks for strategic investment in Pepperfry
Aiming to widen its reach, cash-flush Flipkart has initiated talks for a strategic investment in India’s top online furniture marketplace Pepperfry, reports the Economic Times. The e-commerce giant is aggressively...
Valic trims Flipkart valuation to $7.9 billion
Mutual fund investor Valic Co. has trimmed the valuation of India’s most valuable start-up Flipkart, months after the e-commerce market leader raised nearly $3 billion from marquee investors led by Japan’s SoftBank...
Jeff Bezos sells $1.1 billion Amazon shares with stock at record
Jeff Bezos sold a million Amazon.com Inc. shares this week for $1.1 billion, according to a US securities filing on Friday. The sale represented 1.3% of his holding and leaves Bezos with a 16.4% stake in the retailer...
China’s HNA in talks to buy e-commerce firm Dangdang likely valued over $1 billion: sources
China’s HNA Group Co Ltd is in talks to buy a controlling stake in E-commerce China Dangdang Inc in a deal that could value the online marketplace at over $1 billion, two people with direct knowledge of the matter told...
Amazon eyeing offline tie-ups to take on Flipkart in online fashion retail
After trailing arch-rival Flipkart Ltd in the crucial online fashion retail business, Amazon India is aggressively pursuing partnerships with large offline fashion brands and is even looking to invest in some of these...
Flush with funds, Flipkart eyeing more acquisitions
Armed with over $4 billion in cash, India’s most valuable internet firm Flipkart Ltd is planning more start-up investments and buyouts as it seeks to widen its slender lead over Amazon India and diversify its business...
Flipkart in talks to buy stake in BookMyShow
Flipkart Ltd is in talks to buy a large minority stake in ticketing platform BookMyShow, as India’s most valuable internet firm seeks to improve customer stickiness and gain a higher share of spending by urban Indians...
