The Chinese ecommerce player Alibaba will invest $ 575 in One97 Communications Ltd's online
payment and marketplace businesses.Alibaba Group Holding Ltd ( aka Alibaba) and Zhenjiang Ant Small
& Micro Financial Services Group would gain a combined 30% stake in One97 while One97 would then be valued at over $2 billion.The New Delhi Based company has given hints about the dealing saying they are in the process of raising fund and that they would communicate once the process is completed.
payment and marketplace businesses.Alibaba Group Holding Ltd ( aka Alibaba) and Zhenjiang Ant Small
& Micro Financial Services Group would gain a combined 30% stake in One97 while One97 would then be valued at over $2 billion.The New Delhi Based company has given hints about the dealing saying they are in the process of raising fund and that they would communicate once the process is completed.
No comments:
Post a Comment