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Snapdeal gets $500M from Alibaba, Foxconn, SoftBank

A trio of top backers - China's Alibaba, Japan's SoftBank and Taiwan's Foxconn - will lead a $500m investment in Indian online marketplace Snapdeal.
Source: Reuters
eBay cuts stake in India's Snapdeal; Foxconn unit invests $200 mln

Separately, FIH Mobile, a unit of Taiwan's Foxconn, the trading name of Hon Hai Precision Industry Co, said it was acquiring a 4.27 percent stake in Snapdeal for $200 million via its Singapore- based subsidiary Wonderful Stars Pte.. Sources told Reuters this month that Snapdeal was set to raise $500 million from China's Alibaba Group Holding, Japan's SoftBank...
Source: Reuters