Ganji and 58.com have both signed a memorandum of understanding and are expected to officially announce the merger as early as today.
Both companies are on a downward growth trajectory path in the last few months. Will this merger be a turning point for them?
The two will keep operating as separate entities. Flipkart is probably the biggest general marketplace in India, while Myntra is the biggest fashion-focused estore.
So on the heels of the news last week of Softbank and Gung Ho’s acquisition of Finland’s Supercell, we have news just this week that the Chinese mobile space is heating up as well
Yesterday, we passed along rumblings from the Chinese media that Sohu, Tencent, and Baidu’s Qiyi were planning to band together to purchase expensive video content that could help them better compete ...