China’s Baidu receives offer to buy its 80.5% Qiyi stake
Qiyi offered Baidu to buy the 80.5% stake in the video streaming website, which has an enterprise value of $2.8 billion. Photo: AFP New York: Baidu Inc., the Chinese Internet…
Russian billionaire Fridman’s LetterOne invests $200 million in Uber
Uber was valued at more than $60 billion, people familiar with the matter said in December, making it the world’s most valuable startup. Photo: Reuters Moscow: Russian billionaire Mikhail Fridman’s…
Snapdeal raises $200 million from Canadian pension fund, Iron Pillar
In August, Snapdeal raised $500 million mainly from Chinese e-commerce firm Alibaba Group, Foxconn Technology Group and existing investor Softbank Group, which valued the Delhi-based firm at about $4.8 billion…
Hardware start-ups warm up to Make in India
Photo: Ramesh Pathania/Mint When Prime Minister Narendra Modi exhorted entrepreneurs to make in India in his 2014 Independence Day speech, it was touted as a watershed moment for the manufacturing…