SoftBank to transfer $12.9b ride-sharing stakes to its Vision Fund

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The move would provide the fund’s investors significant exposure to the ride-sharing industry, which is being shaken up by consolidation in which SoftBank is playing a role.

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Walmart buys controlling stake in India’s Flipkart for $16b

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Deal includes $2 billion of funding from new equity in Flipkart, which could be sold to additional investors in the future.


Masayoshi Son steals Walmart’s thunder by confirming Flipkart deal ahead of announcement

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“I think we announced it last night,” he said, during an investor call after his own company’s earnings. “If not, well then that means I’m just spouting this out. In any case, it’s been decided.”


Flipkart, Walmart set to announce world’s biggest e-commerce deal

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Walmart will buy roughly 70% of Flipkart; it will invest $2b in fresh capital & buy rest from existing Flipkart investors


Myntra, Jabong CEO looks at high-growth rate, imminent expansion

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Narayanan is bullish about maintaining its high growth rate and is investing in new spaces such as personal care, home, jewellery and wearable technology.


Ride-hailing ventures take on Manila streets, undeterred by Grab-Uber dominance

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Grab now controls more than 90% of the ride-hailing market in the Philippines but struggles to keep up with demand.


BigBasket eyes $500m war chest as Walmart, Amazon loom

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BigBasket, which raised $300 million from Alibaba Group Holding Ltd and others in February, is in talks to raise between $300 million and $500 million from Alibaba and new investors.


Australia gives first banking licence permit to internet startup to boost competition

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The license allows volt, which has raised A$15.7 million in equity for research and platform testing, to raise A$2 million in deposits via its online platform.


SoftBank weighs options to cut tax liability in Flipkart stake sale

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SoftBank may retain all of its stake for at least one year more to avoid paying a large tax


Ant Financial’s annual profit soars 65% ahead of anticipated IPO

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Ant Financial is in the process of raising at least $10 billion at a $150 billion valuation from investors led by Temasek Holdings Pte.