Search Results for: Alibaba

With 109 Chinese firms making it to the Fortune Global 500 2017, where does India stand?

While Walmart topped the Fortune Global 500 list, China's State Grid, oil giant Sinopec Corp and China National Petroleum were ranked second, third and fourth. Seven Indian firms made it to the list.

Jul 21, 2017

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Infibeam founder Vishal Mehta denies bidding for Snapdeal

Economic Times had quoted two sources in a report that the all-stock bid for Snapdeal was estimated to be about Rs 6,652.75 crore.

Jul 14, 2017

Paytm Mall to hire 2,000 employees in 2017 in a bid to up its e-commerce game

Apart from its plans to hire 2,000 workers, Paytm Mall has also moved about 800 employees from its digital payments platform Paytm.

Jul 10, 2017

Pakistan-made sex toys in high demand; will it overtake China?

Western customers are now opting for Pakistan made metal sex toys over China's rubber products.

Jul 7, 2017

New Amazon Echo rival in the making: Alibaba stepping into smart home race

China will be home to a new digital personal assistant, thanks to Alibaba.

Jul 4, 2017

SAIC Motor: 5 facts you need know about the first Chinese carmaker coming to India

SAIC Motor is not an unknown Chinese automaker as you may think. It's a global firm with a presence in every continent where human lives.

Jul 1, 2017

Amazon will keep investing in India, Bezos assures Modi

Jeff Bezos was one of 20 odd US business leaders who met Modi on Sunday.

Jun 26, 2017

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Wipro chairman's PremjiInvest objects to special payment to Snapdeal founders before Flipkart 'merger'

Snapdeal co-founders Kunal Bahl and Rohit Bansal, and investors Kalaari Capital and Nexus Venture Partners will get a total of $90 million prior to "merger" with Flipkart, triggering objections from PremjiInvest.

Jun 23, 2017

Amazons Jeff Bezos asked Twitter for philanthropy ideas and Twitter responded

Amazon's grocery push playing catch up with Chinese e-commerce giants

Sales made online are set to more than double to around 6.6 percent of China's broader grocery market by 2020, compared to around 1.4 percent of US sales by then.

Jun 22, 2017

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Cab-hailing companies Careem, Grab, Lyft, Ola rock even as bad news hits Uber

Careem gets funding from Saudi billionaire Prince Alwaleed and Daimler, Alibaba's Jack Ma eyes stake in Grab, Ola raises $50 million and Uber continues to embarass.

Jun 16, 2017

Yahoo parable ends in $4.48-bn merger with Verizon; $23 million payday for Marissa

Combined entity to pinkslip around 2,100 Yahoo and AOL jobs. Verizon first announced plans to buy Yahoo's core Internet business last July.

Jun 13, 2017

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Vani Kola steps down from Kalaari Capital

Director of Snapdeal investor Kalaari Capital since September 2009, she sent her resignation letter on May 2.

May 15, 2017

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Alibaba-backed Paytm close to buying rival FreeCharge from Snapdeal: Report

While Paytm is in the race to buy FreeCharge from Snapdeal, the e-commerce company (Snapdeal) is reportedly up for sale to bigger rival Flipkart.

May 11, 2017

Snapdeal, Ola drill $1.4 billion hole in SoftBank's pocket

In a statement, Japanese conglomerate SoftBank said it has recognized Japanese yen 160,419 million (~$1.4 billion) as loss on accounts of its investments in Snapdeal and Ola.

May 10, 2017

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SoftBank logs second-best annual profit, keen to talk about a deal for Sprint

Japan's SoftBank Group Corp reported 13 percent rise in full-year operating profit, gaining from cost cuts and a rise in subscribers at its US wireless unit Sprint Corp..