Alibaba approaches Dailyhunt for investment

Feb 23, 2018 • Robert Lavine

Alibaba is reportedly considering the purchase of a 10% to 12% stake in the news aggregation and publishing app at a $500m valuation.

E-commerce firm Alibaba has begun discussions with India-based news aggregation app developer Dailyhunt over an investment at a $500m valuation, LiveMint reported, citing two people aware of the matter.

Originally known as Newshunt, Dailyhunt runs a mobile platform that functions both as a curated, personalised news aggregator and a self-publishing platform.

The app has been installed more than 155 million times and provides access to some 100,000 news articles each day.

Alibaba is looking to acquire a stake of between…

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