Devesh
Core Member
As it is ready to embark upon a new journey by launching what may be the biggest IPO ever, Chinese e-retailer Alibaba may also be making a move to tap into the growing Indian retail market through an investment in local e-retailer Snapdeal.
According to an Economic Times report, Alibaba, is in talks with online retailer Snapdeal to enter India. The e-commerce giant is in discussion for a possible investment in the Indian company, but no decision has been taken yet.
The report also quoted a source saying that the deal will be announced in a month.
The Chinese company is expected to be valued at over $165 billion at the conclusion of its initial public offer. So far, Alibaba has only been linking Indian merchants with overseas buyers and sellers.
Alibaba in talks with Snapdeal to enter India | Indian Television Dot Com
According to an Economic Times report, Alibaba, is in talks with online retailer Snapdeal to enter India. The e-commerce giant is in discussion for a possible investment in the Indian company, but no decision has been taken yet.
The report also quoted a source saying that the deal will be announced in a month.
The Chinese company is expected to be valued at over $165 billion at the conclusion of its initial public offer. So far, Alibaba has only been linking Indian merchants with overseas buyers and sellers.
Alibaba in talks with Snapdeal to enter India | Indian Television Dot Com
