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India: Alibaba keen to enter Indian e-commerce space in 2016

By  |  March 20, 2016

Chinese e-commerce giant Alibaba is exploring the online marketplace opportunities in India and is keen to enter the country in 2016, its president Michael Evans said in New Delhi on Friday.

“We have been exploring very carefully the e-commerce opportunity in this country which we think is very exciting on the backdrop of Digital India,” Evans said after meeting Communications Minister Ravi Shankar Prasad.

“We plan to come here and work to serve both customers, consumers and of course small businesses because that is the history and the DNA of Alibaba. We are planning to enter the e-commerce business in India in 2016,” he added.

On his side, Prasad said: “We hope Alibaba will come and have a good footprint in India also including the expanding business of e-commerce, they are exploring the possibility. On my behalf I have said very clearly Alibaba is quite free to come and expand its footprint in India.”

Full Content: Business Standard

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