Chinese E-Commerce Firm Alibaba to Set up Office in Mumbai

Chinese e-retail giant Alibaba, is setting up its first office in India in Mumbai. Company has made investments in India՚s Snapdeal and Paytm. The office will be located at the commercial Bandra-Kurla Complex (BKC) . US e-commerce giant Amazon also has its office in the same complex.

Chinese E-Commerce Firm Alibaba to Set up Office in Mumbai

Highlights

  • Alibaba՚s decision to open the office could imply that the competition in e-commerce sector in India is likely to get even fiercer.
  • Alibaba is hoping to get a slice of the growing e-commerce market which is currently dominated by home-grown Flipkart, followed by Amazon and Snapdeal.
  • The rent of the building is expected to be a little over ₹ 1 crore per month.

Will Indian Online Sellers Accept Alibaba?

  • China՚s largest online marketplace, Alibaba, has been a medium for small Indian businesses to obtain Chinese commodities.
  • The platform has also been a means of taking Indian retail businesses abroad.
  • Its entry into Indian terrain will definitely be welcomed by online sellers in India.

About Alibaba Group

  • Founded: 4 April 1999; 17 years ago, Hangzhou, Zhejiang, China
  • Headquarters: Hangzhou, Zhejiang, China
  • Area served: Worldwide
  • Founder: Jack Ma
  • Industry: Internet
  • Products: E-commerce, Online auction hosting, Online money transfers, mobile commerce
  • Services: Online shopping
  • Slogan: To make it easy to do business anywhere

Magic Moves of Alibaba

  • The Chinese giant will bring the entire weight of its technology platform, supply-chain management capabilities and financial muscle to the Indian market.
  • Its Single՚s Day holiday sale turned into a $ 14.3 billion windfall for the firm last November.
  • Alibaba has spent much of the last decade building up its B2B business in both sales and sourcing.
  • Its B2C launch could help the company boost its global image.
  • Alibaba gets under a fifth of its business from outside its home base of China.
  • India then could be the stepping stone to it becoming a truly global entity.
Alibaba to Launch Its First India Office

Examrace Team at Aug 22, 2021