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SoftBank, Naspers, and Warren Buffett's Berkshire Hathaway are cutting their iconic bets on Chinese tech stocks

Berkshire has sold about $600 million of BYD stock, SoftBank is slashing its Alibaba stake by nearl…

Theron Mohamed   


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Tencent falls nearly 8% after the firm's largest shareholder said it plans to sell $14.6 billion of its holdings

Prosus said it plans to sell $14.6 billion of Tencent stock, but it will remain the tech giant's la…

Will Daniel   


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Star Sports President Gautam Thakar appointed Global CEO of OLX Autos

Prosus-owned OLX Group on Monday said it has appointed former Star Sports President and CEO Gautam …

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Shah Rukh Khan is now the brand ambassador of Foodpanda

The online food delivery startup is looking forward to regaining the market share it had lost out t…

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MakeMyTrip to issue $960m worth shares to acquire Ibibo group

Ibibo group is mostly owned by South African media and internet giant Naspers (nearly 90%), with th…

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CCI dismisses complaint against Naspers-owned PayU Payments, Wibmo

New Delhi, Jan 31 () The Competition Commission has dismissed allegations of unfair business practi…

PTI   


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PayU India aims at doubling its payment gateway business in the coming year

PayU India’s relationship with IndusInd Bank will also help it create co-branded digital consumer b…

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Facebook-backed Indian startup Meesho raises $125 million from Naspers

Meesho, the online marketplace raised $125 million funding led by Naspers. The round also saw parti…

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Logistics startup ElasticRun raises $40 million to expand to new geographies

Pune-based logistics firm ElasticRun raised $40 million from Prosus Ventures, which was formerly ca…

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Rags To Riches: Flipkart’s Journey From Rs 400,000 To $5-$6 Billion Firm

As per industry experts, the Bangalore-based company is now valued at somewhere between $5 and $6 b…

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With $1 Billion In Kitty, Flipkart Now Eyes 100 Million Users

As per industry experts, the Bangalore-based company is now valued at somewhere between $5 and $6 b…

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3 mins read

Walmart may edge out Amazon in the race to buy holding stake in India’s Flipkart

Despite Amazon’s bid to buy a 60% stake in India’s Flipkart, reports say the deal will go in Walm…

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Flipkart announces raising $1.4 billion from Tencent, eBay & Microsoft, and acquires eBay India

Flipkart announced the feat in a blog post. “This strategic partnership enables Tencent to particip…

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Fearing competition, Flipkart, Snapdeal oppose 100% FDI in India’s eCommerce sector

The two models of retail - online and offline - have different business models and cannot be looked…

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Got stuff you don’t use anymore? Amazon will help you to get rid of them. Here’s how

The landing page for registration as an individual seller continues to be on Junglee, the price com…

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Top Myntra Execs To Become Millionaires After Flipkart Deal

Among these executives are chief operating officer Ganesh Subramanian, chief technology and product…

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Morgan Stanley marks down Flipkart shares value by 27%

Morgan Stanley has marked down the value of Flipkart's shares by 27% to signal the global investors…

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7 mins read

These 6 Digital Businesses Are Now Flush With VC Money

Internet businesses in India seem to have reached a tipping point, going by the kind of venture cap…