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Alibaba & Foxconn in talks to put $500 mn in Snapdeal: Report

Reuters 

Chinese e-commerce giant Alibaba Group Holding and  iPhone assembler Foxconn Technology Group are in talks to jointly invest about $500 million in Snapdeal.com, according to a report by Wall Street Journal. Alibaba and Foxconn decided to take a combined 10 per cent stake in Snapdeal though the deal still needs regulatory approval in India, WSJ said citing a source.

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First Published: Wed, June 17 2015. 00:20 IST
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