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Ant Group quarterly profit falls 60% to $663 millionAlibaba said the decrease in profit for Ant Group was mainly attributable to "investments in new growth initiatives and technologies, and t...- Ant Group quarterly profit falls 60% to $663 millionChinese fintech company Ant Group posted a 60.5% slide in net profit to 4.74 billion yuan ($662.7 million) in the three months to March 31,...
- From Paytm to MakeMyTrip: How Indian startups are unwinding Chinese ownershipIndia’s largest online travel platform plans to raise $3 billion through a mix of debt and equity to buy back shares from Trip.com Group. O...
- Ant completes process of removing Jack Ma’s controlAs part of the process, the People’s Bank of China granted an application to remove any controlling shareholders at Ant’s Chinese payment p...
- SoftBank sells shares worth Rs 954 crore in DelhiverySoftBank is the largest public stakeholder in the logistics company, holding an 18.42% stake as of December 31, 2022, through its entity SV...
- Paytm completes Rs 850 crore-share buyback within 3 months of launchShare buyback through the open market is favourable for companies, but not for shareholders. A company keeps buying its shares from the ope...
- Govt to launch portal for marketing of goods by MSMEs, Khadi"The ministry is working with different stakeholders to resolve these issues," said MSME Minister Nitin Gadkari.
- Tencent’s consent key to future Flipkart share saleFlipkart investors can sell shares to Alibaba only if Tencent is notified of the transaction in detail at least five business days ahead.
- Alibaba Group backed eWTP Fund allies with Ganesh Ventures fund for first close of $30 millionThe India-focussed fund seeks to build a strong network between Indian entrepreneurs and Chinese investors and entrepreneurs.
- Why there could soon be a big change in the India strategy of SoftBank, Alibaba and TencentE-commerce behemoth Alibaba Group and Tencent are strategic investors of Chinese origin that have set up shop in the country, and are worki...
- Flipkart signs term-sheet for buying out smaller rival SnapdealFlipkart will quote a final price after it completes a rigorous examination of Snapdeal’s books, which is expected to take 6-8 weeks, these...
- Early talks on merger of Paytm and Snapdeal, with Alibaba and SoftBank as key playersAn important player will be Japanese major SoftBank, which is a major investor in Snapdeal, and also has a substantial stake in Alibaba.
- Paytm parent incorporates separate entity for online retail businessET had reported earlier that Paytm will spin off its marketplace to allow China’s Alibaba Group, an investor in One97, a direct presence in...
- Paytm plans to spin off its marketplace to allow Alibaba Group establish a direct presence in IndiaPaytm is considering a plan to spin off its online marketplace to allow China’s Alibaba Group to establish a direct presence.
- China’s Baidu, Alibaba & Tencent scouting for Indian startups to invest inThe growing interest in India comes at an opportune time for BAT, with venture capital investors realigning their portfolios as startups ar...
- Snapdeal ropes in McKinsey’s Ashish Jain as its Senior VP for M&A integrationsSnapdeal has roped in McKinsey and Company executive Ashish Jain as its senior vice president of investor relations and mergers and acquisi...
- Alibaba, Ant Financial invest about $680 million in Paytm, up stake to 40%Chinese e-commerce giant Alibaba Group Holding has made a strategic investment in One97 Communications, the parent company of Paytm.
- Snapdeal raises Rs 3,259 crore from Alibaba, Foxconn and SoftBankThe latest round valued Snapdeal at $4-4.5 billion, according to sources who declined to be identified. This could not be independently ver...
- Snapdeal raises $500 million more in a fresh round; Alibaba, Foxconn and SoftBank pick up stakesBoth Alibaba Group and Foxconn, best known as a manufacturer of Apple’s iPhones, had been in protracted negotiations with Snapdeal to inves...
- Alibaba's Jack Ma: Investors and entrepreneurs like husbands and wives - break-ups common"Also, it is common for them to quarrel and break up because they have different opinions over how to raise and educate their child," said ...
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