Alibaba planning to enter the Indian market this year

Posted on 21st Mar 2016 | 1111 views

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China's biggest online e-commerce company Alibaba to expand its presence in India this year. Alibaba Group president Michael Evans stated that Alibaba is very much interested to enter India's e-commerce sector in a big way. "Ecommerce is a rising phenomenon in India, growing at 50% plus, with a huge catchment area, which shows the potential of a big aspirational market, Prasad said after the meeting.

Alibaba planning to enter the Indian market this year

We will give them (Alibaba) full cooperation." Said Evans. Alibaba has already made significant investments in India's ecommerce companies like Paytm and a small stake in Snapdeal, among the top local etailers. Assocham stated that the e-commerce companies in India connecting with customers with the increasing Internet and mobile penetration, growing acceptability of online payments and favourable demographics.

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