Alibaba leaning away from plans to invest in India’s Snapdeal: Recode

March 18, 2015 admin 170-million, alibaba-group, cebit, chinese, from-investing, get-legitimate, hanover, microsoft, satya-nadella

(Reuters) – Alibaba Group Holdings Ltd may scrap plans to invest in Indian online marketplace Snapdeal, technology website Recode reported, citing a person who was familiar with the matter. Last week, a person informed about the deal had told Reuters that Alibaba was in talks with Snapdeal over a potential cash investment in what could have been the Chinese e-commerce giant's first direct investment in India. Alibaba has held discussions with Snapdeal about a possible investment, but the Chinese company is leaning away from investing in Snapdeal right now, Recode said

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Alibaba leaning away from plans to invest in India’s Snapdeal: Recode