Alibaba
TMT
BigBasket's consumer-facing arm doubles revenue, narrows losses for FY17
Innovative Retail Concepts Pvt Ltd, which operates the consumer-facing arm of grocery e-tailer BigBasket, saw its revenues rise two-fold and ......
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Alibaba launches first cloud data centre in India
In a move to extend its cloud services to Indian enterprises, Jack Ma-led Alibaba Group has opened its first data ......
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VCC Startups weekly wrap: Jhunjhunwala backs Nazara; SoftBank, Alibaba get CCI nod
One of the big newsmakers in the past week was veteran stock market investor Rakesh Jhunjhunwala who made a $27-million ......
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India competition watchdog approves SoftBank-Flipkart, Alibaba-BigBasket deals
The Competition Commission of India (CCI) has cleared SoftBank Group Corp’s purchase of a minority holding in Flipkart and Alibaba ......
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Paytm merging Little, Nearbuy to create largest deal discovery platform
Vijay Shekhar Sharma-led Paytm has announced the merger between Little and Nearbuy to create the largest online deal discovery platform ......
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Chinese bicycle sharing unicorn Ofo enters India
Alibaba-backed Chinese bicycle sharing unicorn Ofo has entered India, likely intensifying competition in a market where three homegrown companies have ......
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SoftBank may invest $200-250 mn in food delivery platform Swiggy
Japanese telecom and internet conglomerate SoftBank is in discussions to invest around $200-250 million (Rs 1,288-1,610 crore) in homegrown food ......
TMT
After backing Flipkart, SoftBank may invest in Paytm Mall to counter Amazon
After investing in Indian e-commerce majors Flipkart and Snapdeal, Japanese tech giant SoftBank Group is in talks to lead a ......
TMT
Tencent beats Alibaba to $500 bn valuation, overtakes Facebook
China’s biggest social network and gaming firm Tencent Holdings, which last week reported forecast-beating quarterly results, is close to making ......
TMT
Alibaba expands offline bet with $2.9 bn stake in top Chinese grocer
Internet giant Alibaba Group Holding Ltd said on Monday it would invest HK$22.4 billion ($2.87 billion) for a major stake ......
