Tag Archives: Alibaba

Alibaba, Paytm Said to Be in Talks to Invest in Bigbasket

HIGHLIGHTS Alibaba, Paytm said to invest about $200 million for 20 percent stake Alibaba, Paytm said to be in a 60-day exclusive pact with Bigbasket Bigbasket raised $150 million last year in a funding round Chinese e-commerce giant Alibaba Group Holding Ltd. and its Indian associate Paytm E-commerce Pvt are in talks to invest about $200 million (roughly Rs. 1,287 crores) for a ... Read More »

Singles Day: Alibaba breaks record sales total

E-commerce giant Alibaba has beaten its sales record for its annual Singles Day event. About 20 hours into the event, Alibaba sales had reached 103bn yuan ($15bn; £12bn), easily topping the previous record set last year of $14.3bn. But some have questioned the accuracy of the numbers, amid claims of inflated sales data at Chinese online retailers. Merchants passing off ... Read More »