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Binny Bansal sells Flipkart stake worth $250m to Chinese tech giant Tencent

June 13, 2022
Source: dealstreetasia.com dealstreetasia.com
News Snapshot:
Chinese tech giant Tencent Holdings Ltd has bought a stake worth nearly $250 million in Flipkart from the Walmart-controlled Indian e-commerce giant’s co-founder Binny Bansal, show filings with Singapore’s Accounting and Corporate Regulatory Authority (ACRA) accessed by DealStreetAsia – DATA VANTAGE . Tencent continues to invest in Indian companies even as the country’s government has placed various curbs to avoid Chinese investments in local businesses.
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China Tech Buzz Topics: accounting | Chinese | data | e-commerce | Flipkart | Founder | Giant | government | Indian | technology | Tencent | Walmart

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