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Alibaba is not buying India's Snapdeal: source
December 2, 2016 / 12:40 AM / in a year

Alibaba is not buying India's Snapdeal: source

SAN FRANCISCO (Reuters) - China’s Alibaba Group Holding is not buying Indian e-commerce company Snapdeal and is not in talks to do so, a person familiar with the matter said on Thursday, dampening talk that an acquisition was in the works.

A sign of Alibaba Group is seen during the third annual World Internet Conference in Wuzhen town of Jiaxing, Zhejiang province, China November 16, 2016. REUTERS/Aly Song

Reporting by Peter Henderson; Editing by Sandra Maler

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