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Report: Alibaba considers Snapdeal investment; IPO lockup expires


Hangzhou, China – Alibaba Holding Group Inc. is reportedly considering a cash investment in Indian e-commerce platform Snapdeal. According to Reuters, Alibaba is in ongoing negotiations with Snapdeal, but no agreement is imminent.

Alibaba does not hold any direct investments in India, although Alibaba subsidiary Ant Financial purchased 25% of Indian payment services provider Paytm in February 2015.

In other Alibaba news, the company confirmed the upcoming March 18 expiration of the 180-day lock-up period for approximately 437 million ordinary shares connected to its September 2014 IPO. Approximately 100 million of these shares will remain subject to Alibaba Group’s employee trading restrictions until May 2015.

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