Chinese internet giant Tencent Holdings Ltd (0700.HK) said on Monday it would lead an $863 million investment in apparel platform Vipshop Holdings Ltd (VIPS.N), upping its rivalry in retail with Alibaba Group Holding...
Ecommerce
Flipkart completes buyback of ESOPs worth $100 mn
India’s largest e-commerce marketplace Flipkart on Wednesday said it has completed the $100-million buyback of employee stock options (ESOPs), making it the largest share buyback programme by an unlisted company in the...
Alibaba set to invest $300 million in BigBasket
Alibaba is poised to buy over a third of online grocer BigBasket, according to three people directly aware of the impending deal, for about $300 million. The transaction will add to a portfolio of strategic investments...
Flipkart investors, employees trimming stakes as part of SoftBank deal – sources
Some early Flipkart investors, employees and ex-employees are selling their shares in the Indian e-commerce firm as part of a $2.5 billion investment deal agreed with Japan’s SoftBank Group, two people familiar with the...
SoftBank offers to buy Flipkart shares at up to $10 billion valuation
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...
