Alibaba to allegedly invest in Snapdeal to tap into the Indian market

Friday 19 September 2014 10:13 CET | News

Chinese ecommerce company Alibaba is currently in talks with Indian ecommerce website Snapdeal to enter the Indian market, online media outlet Reuters India unveils.

According to the source, the company is considering a possible investment in Snapdeal, but a final decision has not yet been taken.

Snapdeal, in which Ratan Tata, the former chairman of salt-to-steel Tata conglomerate, holds a stake, is also attracting attention from Japanese ecommerce company Rakuten and telecommunications company SoftBank.

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Keywords: Alibaba, ecommerce, Snapdeal, India
Categories: Payments & Commerce
Countries: World
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