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Alibaba Eyes Acquisition Of Ecommerce Platform ShopClues; Plans To Merge It With Paytm

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Chinese ecommerce giant, Alibaba has reportedly held discussions to acquire online marketplace ShopClues. In January 2016, ShopClues raised Series E funding, and said that its valuation stands at more than $1.1 Bn. Tiger Global, GIC and Nexus Venture Partners participated in this round of funding. In May 2015, through its marketplace AliExpress, Alibaba entered the […]

The post Alibaba Eyes Acquisition Of Ecommerce Platform ShopClues; Plans To Merge It With Paytm appeared first on Inc42 Media.


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