Alibaba, Foxconn invest in India's Snapdeal
Alibaba Group Holding Ltd and Foxconn Technology Group pushed further into India with a $500 million investment in Snapdeal, a famous online shopping website in India, the Bloomberg reported on Aug 18. Snapdeal did not break out individual investments.
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Packed Goods ready for delivery to customers at Snapdeal's Fulfillment center at Bhiwandi on the outskirts of Mumbai, India, Nov 5, 2015.[Photo/IC] |
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