Alibaba seeks approval to buy stake in India’s BigBasket

Chinese e-commerce major Alibaba has sought approval of the Competition Commission of India (CCI) for acquiring stake in online grocery platform BigBasket. A CCI notice stated, “The proposed combination relates to the acquisition and purchase of shares of Supermarket Grocery Supplies (SGS), the entity that runs BigBasket, by Alibaba Singapore,” reports PTI. The notice, however, […]