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Alibaba Group Holding Ltd (NYSE:BABA) And FOXCONN TECHNOLOGY (OTCMKTS:FXCOF) Preparing For A $500 Million Joint Venture In India’s Snapdeal

Chinese e-commerce firm Alibaba Group Holding Ltd (NYSE:BABA) is in talks with FOXCONN TECHNOLOGY (OTCMKTS:FXCOF) to start a joint investment worth $500 million in Snapdeal.com from India. Sources revealed that Snapdeal could be valued at $5 billion once the deal takes root. Snapdeal brings merchants and buyers together where they can trade a wide range […]

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