Alibaba takes on Amazon in India

For fresh fruit and vegetable marketing and distribution in Asia
Gabrielle Easter

BY GABRIELLE EASTER

@gab_produceplus

Alibaba takes on Amazon in India

Leading Chinese e-commerce giant Alibaba Group has invested in India’s Paytm E-commerce service in the Indian market

Alibaba takes on Amazon in India

Related Articles

Chinese e-commerce giant Alibaba Group is boosting its presence in India with a US$177m investment in India’s Paytm E-Commerce.

The funding comes from Alibaba’s Singapore arm with venture firm SAIF Partners to investing US$23m into Paytm’s e-commerce business. The move is seen as Alibaba’s move to take on competitors Amazon and Flipkart of India, which together control 80 per cent of India’s e-commerce market, reports Nikkei Asian Review.

Paytm operates Paytm Mall in India, an online store offerings 68m products from 140,000 sellers, partnering with third-party warehouse providers.

 

 

 

 

comments powered by Disqus

Keep informed...