Author: BWild

Snapdeal is in advanced investment discussions with Alibaba and Foxconn

India’s Snapdeal continues to attract strong interest from other companies involved in the mobile commerce space. This week, Snapdeal announced the acquisition of a mobile app developer, which is expected to further solidify the company’s mobile commerce dominance. Now, China’s Alibaba and Taiwanese handset manufacturer Foxconn have entered into advanced discussions regarding purchasing a 10% stake in Snapdeal. This is not the first time that Alibaba has shown investment interest in Snapdeal.

Alibaba has shown an intense interest in India’s mobile commerce space

As one of China’s largest e-commerce entities, Alibaba has been very aware of the growing prevalence of mobile commerce. In China, smartphone penetration has been growing quickly, and many people are becoming more interested in the concepts surrounding mobile shopping. Snapdeal has become the largest player in India’s mobile commerce market, which has made the company a very attractive topic for Alibaba and others. Alibaba has already invested in India’s mobile commerce space, purchasing a 25% stake in Paytm earlier this year.

India has become one of the most attractive and fastest growing mobile markets in the world

Mobile commerce is growing very quickly in India, making the country one of the most attractive mobile markets in the world. Investments from foreign companies are adding fuel to the growth in this sector and companies like Snapdeal could have a lot to gain from such investment interest. Investment discussions do not always work out, however, and initial negotiations between Snapdeal and Alibaba failed due to differences in valuation of Snapdeal’s stock. Alibaba has, however, returned to discussions with some enthusiasm.

Investments will help Snapdeal thrive and provide better services in the mobile commerce space

Snapdeal has raised approximately $1 billion in funding through investments, with Japan’s Softbank being a primary investor in the company. This funding has been instrumental in Snapdeal’s plans to become a mobile commerce powerhouse. The more funding that the company can raise, the better services it will be able to provide to consumers and businesses alike.

This new deal between the two companies will add protection that will be pre-installed on smartphones and tablets.

AVG Technologies has now announced that it has entered into a global partnership with ZTE, a top telecommunications network, equipment, and mobile devices company, in order to pre-install its mobile security protection on those gadgets.

This partnership will pre-install AVG’s flagship antivirus app onto ZTE smartphones and tablets.

AVG’s mobile security app already has a massive number of users, on top of the millions who use its antivirus products to protect their PCs. This new partnership could give it the strength to keep it firmly in place among the device protection leaders around the world. The product that will be pre-installed on the ZTE devices will be AVG AntiVirus PRO for Android ™. App developers greatly covet the opportunity to have their applications pre-installed on devices, as the majority of consumers will stick with the software that came with their gadgts.

This will mean that a larger number of consumers will automatically have AVG mobile security.

According to ZTE business manager, Wang Xuemei, “For many of us, our smartphones have become the primary device that we spend most time with, but ensuring mobile security can sometimes be an afterthought.” She went on to explain that ZTE customers will now have the protection from AVG, which can “take the worry out of connecting to their favorite websites, apps, and using online services,” through their ZTE devices.

Wang Xuemei also pointed out that this was a direct reflection of the company’s dedication to protecting the devices of their customers to ensure that they will always have the best possible experience while using them.

The mobile security app will be pre-installed on the devices and will be available for free to ZTE customers for sixty days. After that point, they can downgrade their service to the AVG AntiVirus FREE for Android ™ app, which offers a core level of protection, or they can continue at the premium level with the enhanced features for a monthly subscription fee. The customer is given the opportunity to decide at the end of the free trial.