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'Snapdeal 2.0' could leave company with 500-600 staffers

'Snapdeal 2.0' could leave company with 500-600 staffers

Snapdeal will trim its operations and over the next 2-3 months, the workforce could be pared to about 500-600 people, two people familiar with the company's plans said.

Singapore slings? Taking on Alibaba, Amazon launches Prime Now in the city state

Amazon has yet to detail its plans for the wider region and a spokeswoman declined to comment. 

Xiaomi gains new $1 billion loan to drive retail push, expansion overseas

Xiaomi gains new $1 billion loan to drive retail push, expansion overseas

It follows a three-year $1 billion syndicated loan in 2014.

Apple offers discounts to promote Apple Pay in China

The US-based Apple launched a campaign in China this week to promote its mobile payment platform and break the current duopoly of tech giants Tencent and Alibaba.

Alibaba Cloud to open first data centre in India

Alibaba Cloud to open first data centre in India

The data centre will be set up in Mumbai by March 31, 2018, the group said, adding that another one will come up in Jakarta.

Alibaba Mobile Business appoints Young Li as Head of International Business

Alibaba Mobile Business appoints Young Li as Head of International Business

Alibaba Mobile Business Group on Thursday announced appointment of Young Li as Head of International Business Department.

SoftBank opens up wallet for Paytm; infuses Rs 9,000 crore

SoftBank opens up wallet for Paytm; infuses Rs 9,000 crore

Japanese conglomerate SoftBank has pumped in USD 1.4 billion (over Rs 9,079 crore) in Indian digital payments platform, Paytm, marking the largest fund infusion by a single investor in an Indian start-up.

Paytm sells over 30 kgs of 'Digital Gold'

Paytm sells over 30 kgs of 'Digital Gold'

Alibaba-backed Paytm on Tuesday said it has sold over 30 kgs of 'digital gold' in six days of launching the service in partnership with gold refiner, MMTC- PAMP.

Snapdeal to dole out up to 15% pay hike amid sell-off buzz

Snapdeal to dole out up to 15% pay hike amid sell-off buzz

E-commerce major Snapdeal will shell out an average pay hike of 12-15 percent as it looks to assure employees amid the online marketplace scouting for a potential buyer.

Social media backlash compels Paytm roll back top-up charges

Social media backlash compels Paytm roll back top-up charges

China's Alibaba-backed Paytm on Friday cited the outcry on social media as a reason for rolling back 2 per cent charge that it levied on money loaded in the wallet using credit cards.

 Alibaba launches India-specific content platform

Alibaba launches India-specific content platform

Chinese e-commerce giant Alibaba on Wednesday announced the launch of an India-specific content platform -- We-Media Reward Plan 2 -- with an initial investment of Rs 5 crore, as part of its plan to invest Rs 200 crore over the next two years to drive content distribution in the country.

Alibaba partners with state-owned retail conglomerate group

Alibaba partners with state-owned retail conglomerate group

Alibaba and a Shanghai-based state-owned retail conglomerate today announced a rare private-public strategic alliance to push forward partnership for creating a new shopping scenario.

Alibaba's Ant Financial planning to raise $2-$3 billion in debt

Alibaba's Ant Financial planning to raise $2-$3 billion in debt

Ant Financial Services Group, the payment affiliate of Chinese e-commerce giant Alibaba Group Holding Ltd, is in talks with banks to raise $2 billion to $3 billion in debt.

Alibaba to provide free Internet in India?

Alibaba to provide free Internet in India?

Alibaba is in talks with telecom operators and Wi-Fi providers to offer free Internet services

Alibaba to hold 40% stake in Paytm's new e-commerce biz

Alibaba to hold 40% stake in Paytm's new e-commerce biz

The shareholding is through Alibaba.com Singapore and AliPay Singapore.

 Alibaba becomes worldwide Olympic partner through 2028

Alibaba becomes worldwide Olympic partner through 2028

Chinese online giant Alibaba on Thiursday became the worldwide Olympic partner through 2028 after signing the first long-term partnership with International Olympic Committee.

Alibaba to buy mall operator Intime in $2.6 bn plan

Alibaba to buy mall operator Intime in $2.6 bn plan

Chinese e-commerce titan Alibaba will take control of domestic department store Intime through a $2.6 billion privatisation scheme, the companies said Tuesday, sending shares of the mall operator surging.

Alibaba paid $3.41 bn in taxes, created 30 mn jobs in 2016

Alibaba paid $3.41 bn in taxes, created 30 mn jobs in 2016

China's e-commerce giant Alibaba said it paid a total of USD 3.41 billion in taxes in 2016 and created 30 million jobs.

We are 'India story' in every sense as Maruti: Paytm founder on Chinese ownership

We are 'India story' in every sense as Maruti: Paytm founder on Chinese ownership

Facing criticism over significant Chinese ownership, Paytm Founder and Chief Executive Vijay Shekhar Sharma has asserted that the payments and e-commerce platform is "as Indian as Maruti" and prides itself on being a representative of the "India story".

Alibaba, Tencent back Chinese cyber law after facing overseas criticism from overseas tech rivals

China`s Alibaba Group Holding Ltd and Tencent Holdings Ltd rallied behind Beijing`s recently-imposed cyber security law on Thursday, following criticism of it from overseas technology rivals.