Alibaba recently unveiled its Q2 2016 results, with the marketplace showing tremendous growth as revenue from its mobile users surpassed that of desktop users. The e-commerce vendor’s revenue rose to RMB 32.2 billion ($4.8 billion), placing it 59 percent higher than last year. The growth itself is formidable, being the highest since Alibaba initiated the largest U.S. IPO in history …

China’s Alibaba and Taiwan’s Foxconn are reportedly in talks to jointly invest about $500 million (roughly Rs. 3,213 crores) in India’s Snapdeal, a deal which could see the growing e-commerce firm valued at roughly $5 billion (roughly Rs. 32,100 crores).The news of the significant potential investment comes via the Wall Street Journal, which cites people familiar with the matter. One …