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    Question

    Recently which Chinese tech giant had bought a stake

    worth $264 million (about Rs 2,060 crore) in Walmart-owned e-commerce Flipkart?
    A Alibaba Group Holding Ltd Correct Answer Incorrect Answer
    B Tencent Holdings Ltd Correct Answer Incorrect Answer
    C DiDi Global Inc Correct Answer Incorrect Answer
    D Huawei Global Inc Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Chinese tech giant Tencent had bought a stake worth $264 million (about Rs 2,060 crore) in Walmart-owned e-commerce firm Flipkart from its co-founder, Binny Bansal, through its European subsidiary. Flipkart is registered in Singapore and has operations in India only. Binny Bansal now holds about 1.84 per cent in Flipkart after selling part of his stake to Tencent Cloud Europe BV. After this transaction, the Tencent arm holds 0.72 per stake in Flipkart, valued at around $264 million.

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