Jack Ma’s Alibaba could complete head on with Jeff Bezos’ Amazon in India. chinese major Alibaba has promised to keep things hot. The country’s top e-commerce player Flipcart, founded by Sachin Bansal and Binny Bansal would also need to strategize to stay in the leadership position. Amazon had announced a $2 billion investment in India.
China’s economy, which is second largest in the world after United States, is going through slowdown.At this point Alibaba would find Indian e-commerce an attractive market to enter for a big play. Alibba group president J Michael Evans told” they are planning to enter the e-commerce business in India in 2016.”The company could come alone as an online marketplace player or enter e-commerce as a partner with another company.
Currently, foreign direct investment is not permitted in the e-commerce sector .But there are no restrictions on foreign money in online marketplace .There are reports that Alibaba set to invest in Flipcart apart from Snapdeal and Paytm. But Flipcart denied it
Snapdeal raised $500 million from a clutch of investors including Alibaba last year.SoftBank, which is the biggest investor in Alibaba, has made significant investments in Indian e-commerce .