Flipkart on Alibaba’s Shopping List

FYI Tech

Flipkart on Alibaba’s Shopping List

The Chinese e-commerce major is reportedly exploring the acquisition of a stake in Flipkart, which has previously backed Paytm and Snapdeal. The talks are at very initial stage and the deal is subject to Flipkart’s willingness to offer a discount on its current valuation of $15 billion, a price Alibaba is unwilling to accept.

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