UPDATE 1-Alibaba, Foxconn and SoftBank invest in India's Snapdeal

MUMBAI/TAIPEI, Aug 18 (Reuters) - China's Alibaba Group Holding, Japan's SoftBank Group Corp and Foxconn will lead an investment of $500 million in India's Snapdeal, the online marketplace said on Tuesday, as it seeks to expand in the country's fast growing ecommerce sector.