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Sachin Bansal Takes On Alibaba; Gets The Instant Retaliation From Kunal Bahl

by Nitin Konde
March 26, 2016 - Updated On March 27, 2016
in News
Reading Time: 1 min read
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Sachin Bansal Takes On Alibaba; Gets The Instant Retaliation From Kunal Bahl

FILE PHOTO: Jack Ma, chairman and then-chief executive officer of Alibaba Group Holding Ltd., laughs at a news conference in Hong Kong, China, on Tuesday, Nov. 6, 2007. Alibaba, which rode China's emergence as an economic superpower over the last 15 years to become a massive online marketplace for everything from forks to forklifts, filed today for what could become the largest U.S. initial public offering ever. Photographer: Daniel J. Groshong/Bloomberg *** Local Caption *** Jack Ma

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26 March, 2016, New Delhi: Chinese ecommerce giant, Alibaba is about to set the stage on fire as the company is all set to roll out its operations in India. However, few sparks could easily be seen before the final curtain raiser as its counterparts decided to take the company for a verbal ride on Twitter.

A tweet of Sachin Bansal, Co-Founder, Flipkart has put him on the firing line against Kunal Bahl, CEO, Sanpdeal. Commenting on Alibaba’s recent investments in Indian ecommerce companies, Bansal tweeted-

 

Alibaba deciding to start operations directly shows how badly their Indian investments have done so far

— Sachin Bansal (@_sachinbansal) March 25, 2016

Retaliating on Bansal’s tweet, Bahl wrote-

Didn’t Morgan Stanley just flush 5bn worth market cap in Flipkart down the ?? Focus on ur business not commentary 🙂 https://t.co/8NpkhWWo2j

— Kunal Bahl (@1kunalbahl) March 25, 2016

The tweet referred to the recent reports of Morgan Stanley’s mark down of the value of Flipkart’s shares by 27 percent, bringing down the company’s valuation to around $11 Bn in February.

Tags: AlibabaflipkartKunal BahlSachin BansalSanpdeal
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