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Alibaba, Foxconn in talks to invest $500 Million in India’s Snapdeal

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Alibaba, Foxconn in talks to invest $500 Million in India’s Snapdeal

| Jun 16, 2015, 10:32:35 PM

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Chinese e-commerce company Alibaba Group Holding Ltd. and iPhone assembler Foxconn Technology Group are in talks to jointly invest about $500 million in Snapdeal.com, people familiar with the matter said, a potential deal that could value the five-year-old Indian e-commerce startup at roughly $5 billion.

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