The move is a show of faith from three of Asia's - and the world's - biggest technology companies in fast-growing Snapdeal. A person familiar with the matter said the deal could be finalised within a...
One source with direct knowledge of the matter told Reuters that new deal would see Alibaba directly invest around $600 million for a share in Paytm.
The deal, unlike US rival Amazon.com Inc's foray into smartphones with its own-brand Fire Phone, is designed to help Alibaba push its mobile operating system within China through Meizu's handsets....
Li Hejun, a solar energy entrepreneur pipped Alibaba founder Jack Ma for the number one spot.
Xiaomi Vice President Hugo Barra said in an interview, "One area that we are also looking to make some investments in is start-ups in India."
At 2,299 yuan ($371) for a model with 16 GB memory, the Mi Note will retail for almost two-thirds less than the iPhone 6 Plus.
China maintains tight control over the Internet, nipping in the bud any signs of dissent or challenges to the ruling Communist Party's leadership.
The shopping day, similar to Cyber Monday and Black Friday in the US, comes less than eight weeks after Alibaba's record $25 billion public share listing in New York.
Alibaba's revenue registered its fastest growth in three quarters, at 53.7 per cent, to US $2.74 billion, versus expected sales of US $2.7 billion.
Xiaomi's burgeoning TV unit includes its Xiaomi TV as well as a set-top box, which both use its software and content.
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