Alibaba is not buying India's Snapdeal: source

December 1, 2016 7:39 PM EST

A sign of Alibaba Group is seen during the third annual World Internet Conference in Wuzhen town of Jiaxing, Zhejiang province, China November 16, 2016. REUTERS/Aly Song


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SAN FRANCISCO (Reuters) - China's Alibaba Group Holding is not buying Indian e-commerce company Snapdeal and is not in talks to do so, a person familiar with the matter said on Thursday, dampening talk that an acquisition was in the works.

(Reporting by Peter Henderson; Editing by Sandra Maler)



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