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Why eBay's CEO sold eBay India and poured $500 million into the country's top Amazon rival
Recode The latest shake-up in India's wild e-commerce market came on Monday morning, when eBay announced it was investing $500 million into top Amazon competitor Flipkart as part of a larger $1.4 billion funding round. As part of the deal, eBay also said it … Flipkart raises $1.4 billion from eBay, Microsoft and Tencent at an $11.6 billion valuation Flipkart raises $1.4 billion from Tencent, eBay and Microsoft, acquires eBay India EBay Backs Flipkart With $500 Million to Battle Amazon in India |
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