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.

Total
0
Shares
2 comments
Leave a Reply

Sign Up for NextBigWhat Newsletter

Daily.