Alibaba leaning away from plans to invest in India’s Snapdeal

Alibaba Group Holdings Ltd may scrap plans to invest in Indian online marketplace Snapdeal, technology website Recode reported, citing a person who was familiar with the matter.

科技网站Recode援引消息人士报导称，中国电子商务巨头阿里巴巴 可能取消投资印度网络零售商Snapdeal的计划。

Last week, a person informed about the deal had told Reuters that Alibaba was in talks with Snapdeal over a potential cash investment in what could have been the Chinese e-commerce giant's first direct investment in India.

上周一位了解这项交易情况的人士告诉路透，阿里巴巴正在同Snapdeal商谈一桩现金投资计划，若成功将成为该公司首次直接投资印度。

Alibaba has held discussions with Snapdeal about a possible investment, but the Chinese company is leaning away from investing in Snapdeal right now, Recode said.

Recode称，阿里巴巴确已与Snapdeal探讨投资的可能性，但目前倾向于放弃这桩投资。

Snapdeal competes in India with bigger rivals Flipkart.com and Amazon.com, and media reports had said it was seeking $1 billion in its latest funding round to fuel growth.

Snapdeal在国内面临Flipkart.com和亚马逊这两个实力更强的对手，媒体曾报导称，该公司在最近一轮融资中寻求10亿美元用于促进成长。

Alibaba and Snapdeal's talks, however, did not involve a deal close to the $1 billion number reported, Recode cited the source as saying.

不过Recode援引消息人士的话称，阿里巴巴和Snapdeal的谈判并不涉及报导所说近10亿美元的交易。