China's largest e-commerce company, Alibaba which is looking to expand its service beyond the home country, is likely to invest more in India. The founder and chairman of the Alibaba Group, Jack Ma, who is on a India tour, said he sees a lot of potential in the largest democratic country at the Chinese business delegation.
“We will invest more in India, we will work with the Indian entrepreneurs going forward,” said Ma addressing the India and China business group. The China's richest man added that he is inspired by Prime Minister Narendra Modi for his leadership. “I have heard the Prime Minister’s speech and it is very passionate and inspiring. As a businessman, I was inspired and moved by it. Both China and India can achieve a lot working together,” said Ma.
According to research firm IDC, Alibaba is the world’s largest online and mobile commerce company by GMV (gross merchandise value) in 2013.
- TVR
