India: Foxconn unit writes down an additional $40m on its Snapdeal investment

An employee cleans a Snapdeal logo at its headquarters in Gurugram on the outskirts of New Delhi, India, April 3, 2017. REUTERS/Adnan Abidi

FIH Mobile, the Hong Kong-listed unit of Foxconn Technology Solutions, has written down an additional $40 million of its investment in once-prolific Indian e-commerce player Snapdeal.

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