je.st
news
Japan's SoftBank buys $627 million stake in Indian online retailer Snapdeal
2014-10-28 07:58:53| Telecom - Topix.net
Japanese telecom and media group SoftBank Corp has agreed to buy a $627 million stake in Indian online retailer Snapdeal, seeking to tap into potentially huge e-commerce growth in the market with the world's third-biggest Internet user base. Highlighting India as a new priority in its aggressive expansion, SoftBank said on Tuesday it's also leading a $210 million round of investment in an Indian logistics business in a separate deal.
Tags: online
million
indian
buys
Category:Telecommunications