India’s anti-trust regulator approves Alibaba’s purchase of Snapdeal stake

The Competition Commission of India (CCI) has given its approval for Alibaba to buy a 4.14% stake in Indian online marketplace Snapdeal. Alibaba announced its intention to invest in Snapdeal in August.

Founded in 2010, Snapdeal is one of India’s biggest online retailers.

Snapdeal was reported to have raised about $500m in the funding round that took place in August. Other investors which took part in the August fund raising included Foxconn, Temasek Holdings, BlackRock, Myriad and Premji Invest.

 

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KEBA, based in Linz (Austria) and with branches worldwide, is a leading provider in the fields of industrial automation, handover automation and energy automation. With around 2000 employees, KEBA offers innovative solutions such as control systems, drive systems, ATMs, parcel locker solutions, e-charging stations, and […]

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Post & Parcel Magazine


Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.

 

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