Jack Ma founded Alibaba is looking to acquire an online movie booking site to up its game in India’s retail entertainment business. The Chinese e-commerce major had earlier invested in digital payment app PayTm...
Ecommerce
Flipkart in talks with Microsoft, others for up to $1.5 billion fundraising
India’s largest online retailer Flipkart is in talks to raise a mammoth funding round of up to $1.5 billion from investors including Microsoft Corp., eBay Inc., PayPal Holdings Inc. and Tencent Holdings Ltd at a...
Flipkart, Microsoft announce strategic cloud partnership
Microsoft Corp. on Monday announced a strategic partnership with Flipkart under which, for a start, the online retailer will adopt Microsoft Azure as its exclusive public cloud computing platform. One person familiar...
Alibaba extends bricks-and mortar retail push with Bailian deal
Chinese tech giant Alibaba Group Holding Ltd has formed a strategic partnership with retail conglomerate Bailian Group, extending a push into bricks-and-mortar retail as online growth slows. The move comes on the heels...
Flipkart sells small stake to ‘Times of India’ publisher for Rs260 crore
India’s largest e-commerce firm Flipkart Internet Pvt. Ltd has sold a small stake to media firm Bennett, Coleman, and Co. Ltd (BCCL) for cash and advertising space in the latter’s media properties, according to...
Alibaba’s Ant Financial to raise as much as $3 billion in debt: report
China’s most valuable online finance company, Ant Financial, is in early stage talks with banks to raise between $2 billion to $3 billion in debt to fund acquisitions and foreign investments, a person with direct...
Shutters down on Snapdeal’s yet another acquisition
Gurgaon-based online marketplace Snapdeal pulled the shutter down on yet another of its acquisition Shopo, the company’s customer to customer marketplace just a year and a half after acquiring it. Snapdeal had...
Voonik raises funds from Sequoia, RB Investments
Start-up Voonik Technologies Pvt. Ltd, owner of the Voonik fashion app, has raised $6 million (Rs40 crore) from Singapore-based RB Investments and existing investor Sequoia Capital, two people aware of the development...
Alibaba to lead $200 million investment into Paytm’s online marketplace
Paytm E-Commerce Pvt. Ltd is close to raising $180-200 million (around Rs1,210-1,350 crore) in an investment round led by Chinese internet giant Alibaba Group Holding Ltd, valuing the online retailer at about $1...
Alibaba leads $2.6 billion bid for Chinese retailer Intime
China’s Alibaba Group Holding Ltd (BABA.N) is leading a $2.6 billion bid to privatize Intime Retail Group Co Ltd (1833.HK) in a move to digitize brick-and-mortar department stores while growth in online sales...
Amazon, Forever 21 vying for bankrupt American Apparel – sources
Online retailer Amazon.com Inc and teen apparel store chain Forever 21 Inc are among the companies weighing offers to acquire bankrupt American Apparel LLC, people familiar with the talks said on Wednesday. The...
Airbnb seeks to increase fundraising round to $1 billion
Airbnb authorised the sale of an additional $153 million in equity, bringing the size of its current fundraising effort to about $1 billion. The financing values the home-rental start-up at about $30 billion, people...
