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India's biggest e-commerce firm Flipkart will remain private for the next three years at least, its chief financial officer said, nixing speculation that it would launch this year an IPO that some bankers had expected to raise a record US$5bil (RM18.01bil).
Indian e-commerce firms are offering funding help and tech support to woo small retailers, emulating a strategy used by Chinese online retail giant Alibaba Group Holding Ltd to expand into the towns and villages home to the majority of consumers.
India's biggest e-commerce company Flipkart's chief executive and co-founder, Sachin Bansal, will step down and be succeeded by its other co-founder Binny Bansal, in a move viewed by some as a step towards a stock market listing.
Vietnam's tech startups are emerging as a force to be reckoned with as foreign private equity funds bet the country's talented young brains will yield more successes like the international hit game Flappy Bird.
Consumer electronics company Jawbone had more than enough money to take on Fitbit and other health-tracking devices in the "wearables" market.
TOKYO (Reuters) - A Japanese government adviser told the Harvard University endowment fund that its vote at Toshiba Corp's annual shareholders meeting could be subject to a regulatory probe should it vote against the firm's management, four sources said.
TOKYO (Reuters) - Japan Investment Corp (JIC) and Norinchukin Bank are considering buying Toshiba Corp, the Nikkan Kogyo Shimbun reported on Thursday, a Japan-led bid which may be more palatable to regulators and management than rival offers by foreign funds.