Alibaba planning to enter the Indian market this year

Posted on 21st Mar 2016 | 1103 views

4 avg. rating (80% score) - 1 votes

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.

0 Comments on Alibaba planning to enter the Indian market this year

Comment as a guest:


What is Appointment letter Format?

26th Jun 2018

Top 10 facts why you need a cover letter?

08th Jun 2018

Are you looking for a job in Event Management?

28th May 2018

Pharmaceutical job opportunities on rise in Gulf

23rd May 2018

MNC Vs Startup: Are you Confused to Choose between?

09th Aug 2017

Perspectives of Unemployment in India

01st Jul 2013

Have your Say!

View All

How consistently does your organization reward you for good work?

Very difficult

Reasonably consistently

Not at all consistently


Press Corner

View All

All rights reserved © 2020 Wisdom IT Services India Pvt. Ltd Protection Status