South China Morning Post |
Tencent, eBay and Microsoft invest US$1.4 billion in India's Flipkart
South China Morning Post Tencent Holdings, operator of China's largest online social and entertainment empire, has led a US$1.4 billion investment in an e-commerce firm in India together with Microsoft and eBay as they bet on the country becoming the world's next major online … Why eBay's CEO sold eBay India and poured $500 million into the country's top Amazon rival Flipkart raises $1.4 billion from eBay, Microsoft and Tencent at an $11.6 billion valuation With $500-m stake buy, eBay makes a fresh bid |
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