Alibaba to strike the chord of e-commerce in India
18th March 2016Category : Featured storiesPublished by :Rahul Verma Reading Time : 2 Minute News Sourced : India
The ongoing war of pioneering e-tailing business,
after Amazon, Jack Ma’s Alibaba is another name eager to expand its presence in
In the crucial term, the Chinese economy is facing
slowdown as well as India marketplaces; this announcement may pour sense of
consolidation in India.
According to media reports, “Alibaba Group president
Michael Evans and global managing director K Guru Gowrappan met Communications
and IT minister Ravi Shankar Prasad and underlined the company's interest in
The Chinese mega player, Alibaba, has backed
One97Communications and registered majority stake and consolidating further. Alibaba
lead the investment ($500 m) in Snapdeal with SoftBank and Foxconn.