Ezonow: Singapore's Qoo10 acquires Indian online marketplace ShopClues

Qoo10, a Singapore-based e-commerce firm, has acquired India’s online marketplace ShopClues in an all-stock deal, the two companies said Thursday. The deal, which per two people familiar with the matter valued ShopClues between $50 million and $80 million, ends years-long struggle at the Indian firm, which was valued at $1.1 billion in 2016, to find a new home. ShopClues will be merged with eBay-backed Qoo10 as part of the agreement.