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Alibaba to soon open its first India office soon

Kotak Mahindra Bank, IDFC Bank and Aditya Birla Finance are the company's new partners in India

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Demonetisation

Raghavendra Kamath & Alnoor Peermohamed  |  Mumbai/Bengaluru 

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Alibaba, largest e-commerce entity in China, is setting up its first India office in Mumbai, apparently an indication that it would step up investment in the country in the coming year, to capture a pie of the growing e-commerce market here. So far, the Jack Ma-founded enterprise has been a preferred platform for small businesses in India to source industrial goods from China.

And, for vendors selling their products to customers globally. Alibaba has invested in Indian e-commerce company Snapdeal, and in Paytm, the mobile payments service platform, through Ant Financials, its ...

First Published: Wed, December 28 2016. 23:21 IST
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