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Alibaba to loosen purse strings beyond China, CEO says globalisation top priority

May 14, 2015

Alibaba to loosen purse strings beyond China, CEO says globalisation top priority

Alibaba, which handles more transactions on its platforms than Amazon.com Inc and eBay Inc combined, would continue to invest heavily in new and existing overseas operations, CEO Daniel Zhang was quoted as saying. #Business #China #CompanyWatch #Alibaba Group Holding #Micromax Informatics #Alizila #Zulily #AliExpress
Alibaba seeks to expand India footprint, eyes 20% stake in Micromax

May 08, 2015

Alibaba seeks to expand India footprint, eyes 20% stake in Micromax

The deal, if completed, would see Alibaba investing as much as $1.2 billion, valuing Micromax, the second-biggest smartphone brand in India by sales, at $5 billion to $6 billion, two of the sources said. #Business #India #China #Smartphone #CompanyWatch #SoftBank #Alibaba Group Holding #Micromax Informatics
SoftBank group in talks to buy up to $1 bn stake in Micromax, say sources

Mar 26, 2015

SoftBank group in talks to buy up to $1 bn stake in Micromax, say sources

The investment would value Micromax, an unlisted provider of affordable smartphones that competes with South Korea's Samsung Electronics Co, at around $5 billion, the people said. They did not want to be named because the talks aren't public. #Business #CompanyWatch #Samsung Electronics #SoftBank Corp #Sequoia Capital #TA Associates #Micromax Informatics
Micromax, Karbonn seek tax holidays, subsidies to grow domestic manufacturing

Feb 23, 2015

Micromax, Karbonn seek tax holidays, subsidies to grow domestic manufacturing

One of the fastest growing mobile phone market globally, India lags behind China as most handset makers, including Indian players, get their devices manufactured in China. #Videocon #Micromax #Karbonn #Budget2015 #Telecom Budget 2015
Micromax hires former Amazon executive Ashish Agrawal as CTO

Feb 14, 2015

Micromax hires former Amazon executive Ashish Agrawal as CTO

Agrawal will be "responsible for defining the vision and the direction of software services, and driving new initiatives to provide a strong impetus to brand Micromax to pursue its aim to be one of the biggest companies to bring future technology disruptions into the market. #Amazon #Micromax #appointment #CTO #Ashish Agrawal