Bloomberg Alibaba Group Holding Ltd., China’s e-commerce giant, plans to invest about $200 million in India’s largest online supermarket, Bigbasket, leading a $280 million funding round in the startup, according to people familiar with the negotiations. Alibaba is taking a stake of about 25 percent in Bigbasket after months of negotiations, said the people, asking not to be identified because ...

Bloomberg Bain Capital LP said it is prepared to spend about $900 million or more to acquire digital advertising companies in Asia as it revamps Japan’s No. 3 agency to better compete with rivals like Dentsu Inc. The Boston-based private equity firm acquired 87 percent of shares in Asatsu-DK Inc., in a tender offer, the companies said in statements. Bain ...

Bloomberg Facebook Inc. co-founder Eduardo Saverin is participating in a $40 million investment in Mswipe Technologies, his first foray into the India startup market. Saverin’s B Capital Group and DSG Consumer Partners are leading the funding round, which also includes Ratan Tata’s UC-RNT Fund, Matrix Partners India and Falcon Edge Capital. Saverin will join the company’s board and work with ...

Bloomberg Chinese billionaire He Xiangjian, who founded the world’s largest appliance maker Midea Group Co., is planning an initial public offering of his real estate business, according to people with knowledge of the matter. Guangdong Midea Property Co. has been speaking with investment banks about a potential Hong Kong share sale that could take place in 2018, the people said. ...

Bloomberg Vijay Mallya is becoming something of a fixture in London courts. As the tycoon fights his extradition back to India on fraud charges, another set of lawyers is trying to overturn a $1.5 billion worldwide freezing order against him across town. In the meantime, Mallya has to get by on 5,000 pounds a week, according to court documents. A ...

Bloomberg Israeli fighter jets struck Hamas targets in the Gaza Strip, killing at least two people, in response to rockets fired by Palestinian protesters into Israel. The clashes came as Muslims took to the streets from the West Bank to Jakarta to protest US President Donald Trump’s move to recognise contested Jerusalem as Israel’s capital. Violence associated with the “Day ...

Bloomberg Martin Schulz signalled he wouldn’t give France a blank check on European policy if he takes the party into a government with Chancellor Angela Merkel. Fresh from re-election as head of Germany’s second-biggest party, Schulz combined a defense of his call for a “United States of Europe” by 2025 with a message to French President Emmanuel Macron. Schulz has ...

Bloomberg Honduras is headed into its third week without a winner in presidential elections amid a political standoff between the two leading candidates and few signs its worst crisis in a decade is about to end. The Central American country of 9 million has slipped into a full-blown constitutional emergency since a chaotic November 26 election ended in claims that ...

Bloomberg The nail-biting finish to the first chapter of Brexit negotiations has left many Conservative lawmakers praising Prime Minister Theresa May as a winner who had, in the words of one prominent member of her Cabinet, “confounded her critics.” But like many of the key Brexit issues, the question of May’s future is merely delayed, not resolved and even the ...

Bloomberg Cyril Ramaphosa, one of two leading candidates to win a divisive contest for the presidency of South Africa’s ruling Afri- can National Congress, said the party’s leaders must unite the party after this month’s elective conference. “Our movement is divided and there are factions in our movement,” Ramaphosa, the country’s deputy president, said in a program on Johannesburg-based radio ...