Paytm is gearing up to raise $375 million from existing investor, Alibaba Group, as per a report from Live Mint. The online payment processor, owned by One97 Communications Ltd will be valued at $1.83 billion if the deal is through.
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China’s e-commerce giant Aibaba Group is looking forward to buy a 20% stake in homegrown smartphone maker Micromax, as per a latest report from Reuters.
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Alibaba is looking forward to set up a mobile and commerce start-up incubator in India, according to a report from The Times of India. The Chinese e-commerce behemoth has teamed up with Bangalore based mobile & analytics solutions company Globals.
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Alibaba, the Chinese e-commerce giant is investing $200 million in Snapchat, according to a report from Bloomberg. The latest funding will bring Snapchat valuation to $15 billion.
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Alibaba has made a strategic investment of $590 million in Chinese smartphone maker Meizu. Alibaba seeks to integrate its mobile operating system YunOS with Meizu’s phones and hardware, while distributing the phones through the company’s online shopping platforms.
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Alibaba is investing $575 million in Paytm, according to a latest report from The Economic Times. The Chinese e-commerce giant is investing the sum in Indian e-commerce company and digital payments company, One97 Communication.
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Alibaba has acquired mobile browser maker UC Web for an undisclosed sum. The Chinese e-commerce giant already owned 66 percent of UC Web, maker of the popular UC Browser. The deal is said to be a mixture of cash and stock. Both of the companies are touting the deal as biggest deal in Chinese internet history.
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China based B2B company Alibaba had recently launched its ‘Aliyun OS’ which is basically an Android fork targeted towards the Chinese market. Having achieved moderate success , the company now plans to launch an English version of the OS.
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