NEW DELHI: Mukesh Ambani, Asia’s richest man who spent the early few months of the pandemic raising more than US$20bil by selling stakes in his technology venture, is now on a shopping spree.
The Indian billionaire is looking to acquire several local online retailers to help expand product offerings, sources said, as he races to build his e-commerce platform and compete against Amazon.com Inc.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!