FIH Mobile to invest US$200 million in India e-commerce platform

FIH Mobile, a smartphone manufacturing subsidiary of Foxconn Electronics (Hon Hai Precision Industry), has recently announced it will invest US$200 million via its Singapore-based affiliate Wonderful Stars in Jasper Infotech and will acquire a 4.27% stake in Jasper Infotech's e-commerce platform, Snapdeal, in India.

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via Yuichun