China's Alibaba Group Holding is not buying Indian e-commerce company Snapdeal and is not in talks to do so, a person familiar with the matter said on Thursday, dampening talk that an acquisition was in the works.
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Speculations were rife that Alibaba will acquire Snapdeal
 "Alibaba is not buying India's Snapdeal: Source")
China's Alibaba Group Holding is not buying Indian e-commerce company Snapdeal and is not in talks to do so, a person familiar with the matter said on Thursday, dampening talk that an acquisition was in the works.
First Published: Dec 02 2016 | 9:27 AM IST