May 9, 2015

Alibaba in talks to buy $1.2bn stake Micromax

Alibaba Group Holding is in talks with India’s Micromax Informatics to buy an about 20 percent stake in the smartphone maker, helping the Chinese e-commerce giant expand in one of the world’s fastest growing markets for the devices, several people with direct knowledge of the matter said.


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Alibaba in talks to buy $1.2bn stake Micromax

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