A worker displays a Micromax mobile phone inside a store in Kolkata December 4, 2013. REUTERS/Rupak De Chowdhuri/Files
MUMBAI: Alibaba Group Holding is in talks with India's Micromax Informatics to buy an about 20% stake in the smartphone maker, helping the Chinese e-commerce giant expand in one of the world's fastest growing markets for the devices, several people with direct knowledge of the matter said.
The deal, if completed, would see Alibaba investing as much as US$1.2bil (RM4.31bil) in Micromax, the second-largest smartphone brand in India by sales, and would value the company at up to US$6bil (RM21.58bil), two of the people said.
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