The fast-moving world of Indian e-commerce is set for another major shake-up as Alibaba looks to set up business in a market projected to increase by 78pc this year.
Senior executives of the Chinese internet giant have recently met with the chairman of Tata Group to explore a possible partnership.
A person with knowledge of that meeting told the Economic Times that “it will take two quarters for Alibaba to finalise a joint venture partner. It may or may not go with the Tata Group in the end but they are definitely talking”.
The source suggested that discussions would have covered a range of areas, from online retail to logistics, offline stores and omnichannel support. “India is set for a big consolidation in eCommerce,” they added.
(Source: Warc.com)