World leading online retailer Alibaba is expected to step in India with a huge launch directly or indirectly. Jack Ma, founder of Chinese e-commerce giant expressed his interest and proposal to invest in India who is on a visit to India and his visit to India after record-shattering initial sale in September lays significance. It is believed that e-commerce Alibaba Company was able to have $25 billion (Rs 1.5 lakh crore) company raises in the month of September.

Also Read: – {Today*) Snapdeal Savings Day Deals Offers November 11th up to 90% Off on every Purchase

Jack Ma met many of Indian entrepreneur’s for potential investment in the country and who have relevance to the e-commerce and on retail business. Jack Ma met Snapdeal’s Kunal Bahl and SoftBank. Recently, Snapdeal got a $627-million funding from Softbank, a Japanese telecom and internet corporation that also holds the biggest stake in Alibaba. Masayoshi Son, 57-year old founder & CEO of SoftBank, had visited the Snapdeal office last month and addressed the company’s employees. Also, Snapdeal is one of the three e-commerce companies where Ratan Tata has put in money.

Indian Sellers Would be able to Sell Through Alibaba in China

Thus, the Chinese firm is considering an investment in the Indian retailer to enter the country. The entry of global juggernauts is expected to further intensify competition in the Indian online industry, where the home-grown online portals, including Flipkart and Snapdeal, have rapidly increased investments in innovation, technology and advertising in the last year. Snapdeal, which could be valued at up to $4 billion in its next round of investment according to industry observers, will only gain from this.

Must Read: – Flipkart Xiaomi Redmi 1S Free Discount Coupons & Offers on Sale in India Today

Jack Ma while addressing the Zhejiang China-India business cooperation conference being organized by the Federation of Indian Chambers of Commerce and Industry (FICCI) claimed that Ma said he was inspired by the speech of Modi on doing business in India. Adding to this, he said that India is a nation full of potential and hope and he is willing to invest more in India. Jack Ma also laid emphasis on recollecting that Indo-China business cooperation has a lot of potential ensuring an Alibaba’s platform to India through which Indian suppliers can sell their products in China which in turn strengthens the Indo-China business cooperation. Jack Ma claimed that Chinese have been buying chocolates, Indian tea and spices which have great demand in China and about 400,000 Chinese people are buying from India. Indians can hope and wish Alibaba make its debut in the Indian online retail market and assists users with great discount products. Stay tuned to All India Round Up for more updates.