MUMBAI: Japanese telecom and media group SoftBank Corp has set its sights on Indian e-commerce in its aggressive expansion drive, saying it will invest about US$10bil (RM32.74bil) in the booming sector as it took a strategic stake in one of its rising stars.
Masayoshi Son, chief executive of SoftBank, laid out a 10-year investment plan for India on Tuesday, starting with the purchase of a US$627mil (RM2.05bil) stake in fast-growing online marketplace Snapdeal. Son's global ambitions flared into public view last year when SoftBank bought No 3 US mobile carrier Sprint Corp for US$21.6 billion (RM70.72bil).
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