Foxconn writes down 80% of $200 mn investment in Snapdeal 
FIH Mobile, Foxconn's Hong Kong-listed unit in its Q2 earnings report last week, wrote down 80% of its $200 million investment in Snapdeal. In 2015, Snapdeal raised $500 million in a funding round led by Foxconn at a valuation of about $5 billion. Notably, Snapdeal called off its merger talks with Flipkart in a deal valued at $950 million. 