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Recode Daily: eBay battles Amazon in India — by investing $500 million in Amazon competitor Flipkart
Recode The latest shake-up in India's wild e-commerce market came on Monday morning, when eBay announced it was investing $500 million in top Amazon competitor Flipkart as part of a larger $1.4 billion funding round. Recode talked with eBay CEO Devin Wenig … With $500-m stake buy, eBay makes a fresh bid Flipkart raises $1.4 billion from eBay, Microsoft and Tencent at an $11.6 billion valuation eBay India to become part of Flipkart |
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