Tencent Buys $264m Stake in India’s Flipkart – Economic Times

Flipkart co-founder Binny Bansal has sold a stake in the Indian e-commerce firm worth $264 million to Chinese technology conglomerate, The Economic Times reported.

Bansal now has a 1.84% shareholding in Singapore-headquartered Flipkart after selling part of his stake to Tencent Cloud Europe, the Indian news site said.

Read the full report: The Economic Times

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

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