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Showing posts with the label Alibaba

Here's What Flipkart & Snapdeal Need to Focus on Before Arguing

Repeating the events of last year and showcasing their petty rivalry once again, Snapdeal founder Kunal Bahl and Flipkart founder Sachin Bansal had a verbal spat of words over investment giant Alibaba’s proposal to enter India directly. Sachin Bansal tweeted saying, “Alibaba deciding to start operations directly shows how badly their Indian investments have done so far" to which Kunal tweeted saying “Didn't Morgan Stanley just flush 5bn worth market cap in Flipkart down the (toilet emoji)? Focus on ur business not commentary :)” All humor and immaturity in washing dirty linen in public aside, the Tweets exchanged do highlight some valid points. Both arch rivals working in exactly the same industry already share a common ground of complains and have several issues that can be addressed. There is a lot of room for improvement and instead of focusing on taking jabs at each other, here are a few fields where technologically both giants can grow and mature at: Feedback

Yahoo reverses course on plan to spin off Alibaba stake

Yahoo Inc shelved plans to spin off its stake in Chinese e-commerce giant Alibaba Group Holding Ltd, under pressure from activist investors worried about billions of dollars in taxes, and said instead it is looking at creating a separate company to hold the rest of its assets. The decision, following three days of board deliberations last week, is an explicit rejection of Chief Executive Marissa Mayer's plan to spin off the Alibaba stake and may cloud her focus on reviving Yahoo's core business of selling ads on its popular news and sports websites. Investors were unenthusiastic as they digested the complexity of the "reverse spin-off." "You've got a sinking ship right now," said Jeffrey Carbone, senior partner with Cornerstone Financial Partners in Cornelius, North Carolina, a former Yahoo shareholder. "Yahoo is just a company in trouble." Yahoo CEO Marissa Mayer. Image: Reuters The company, overtaken by Google, Facebook and other