The Digital Source For China's Tech Innovation Since 2000

China Tech Buzz

Global News Impacting Chinese Tech

Flipkart Co-founder Binny Bansal Sells Stake To Tencent Amidst Border Tensions With China – WorldNewsEra

News Snapshot:

Flipkart Co-founder Binny Bansal has sold his stake worth $264 million (more than Rs 2,000 crore) in the homegrown e-commerce platform to Chinese Internet giant Tencent, at a time when the neighbouring country has once again hardened its positions along the Indian border. Also Read – Musk announces hiring freeze for Tesla, may layoff 10 percent employees: Report The news about Bansal selling Flipkart stock to Tencent came at a time when US Secretary of Defense, Lloyd Austin, said on Saturday that China is hardening its positions along the Indian border. Also Read – Oppo K10 5G launching in India…

Other China Tech Buzz: