Alibaba tipped to spend money on one among India’s prime telephone makers

Alibaba tipped to invest in one of India's top phone makers

Alibaba’s sitting on the higher a part of $20 billion, and it is utilizing a few of that money to purchase small, but notable, items of the tech business. Thus far, it is thrown cash at Ouya, Meizu and Snapchat, however now Reuters believes that the Chinese language e-commerce agency goes to purchase a stake in Micromax. It is believed that the agency is trying to decide up a 20 % stake within the Indian smartphone maker, with the deal reportedly value round $1.2 billion. The thought, in accordance with Reuters secret sources, is that Alibaba would use Micromax as a computer virus, by way of which it might get its on-line gross sales enterprise into the nation.

India is presently going by means of a growth that has seen it emerge as one of many largest new markets for smartphones. The nation is sufficient of a tantalizing prospect for telephone makers that it is already brought about a contentious falling-out between Cyanogen and OnePlus. Micromax is among the largest home gamers, and if the deal goes via, new units might include Alibaba’s cellular funds software program pre-put in. In fact, proper now that is all simply rumor, hypothesis and murmurings, nevertheless it makes an enormous pile of sense, and makes us marvel if Alibaba’s planning any extra purchases within the close to future.

[Image Credit: ChinaFotoPress via Getty Images]

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