Latest News
What Are Exoplanets And How NASA Detects Life Beyond Our Solar System
Flipkart and Snapdeal Founders Have A Face-Off On Twitter All Thanks To Alibabas Debut In India
Admin
27-Mar-2016 14:25:27
Inothernews
Chinese e-commerce giant Alibaba’s entry news in the Indian market is causing quite a stir. The site is said to be a potential threat to other e-commerce giants like Flipkart and Amazon. Flipkart co-founder Sachin Bansal took a jibe at the site by tweeting this tweet
He referred to companies like PayTm, Snapdeal in which Alibaba holds 40 % and 5% stake respectively. Snapdeal CEO Kunal Bahl promptly called out Sachin Bansal in this tweet, where he asked him to stop his commentary and focus on his business.Alibaba deciding to start operations directly shows how badly their Indian investments have done so far
— Sachin Bansal (@_sachinbansal) March 25, 2016
Bahl referred to Morgan Stanley’s slashing Flipkart's shares value by 27 per cent in February 2015, bringing down the etailer's claimed valuation from $15.2 billion to $11 billion.Didn't Morgan Stanley just flush 5bn worth market cap in Flipkart down the 🚽? Focus on ur business not commentary :) https://t.co/8NpkhWWo2j
— Kunal Bahl (@1kunalbahl) March 25, 2016
