New Delhi:China's Alibaba Group, which has backed Paytm and Snapdeal, is exploring the acquisition of a stake in India's largest Internet firm Flipkart Ltd, according to three people familiar with the matter,Livemintsaid in a report.According to the report, the talks are at very initial stage and the deal is a function of Flipkart's willingness to offer a discount on its current valuation of $15 billion, the three added, asking that they not be named.The report also mentioned if the Flipkart-Alibaba deal goes through, itwill make Alibaba one of the three most important investors in India, along with Tiger Global Managementand Japan's SoftBank Group.
Source:http://retail.economictimes.indiatimes.com/news/e-commerce/e-tailing/after-paytm-and-snapdeal-flipkart-on-alibabas-radar/50843615
Source:http://retail.economictimes.indiatimes.com/news/e-commerce/e-tailing/after-paytm-and-snapdeal-flipkart-on-alibabas-radar/50843615
