Ecommerce Giant Alibaba Sees India As ‘Very Important’
[dropcap]C[/dropcap]hinese e-commerce giant Alibaba's CEO Daniel Zhang said that their company sees India as a "very important" market, on occasion of the 11/11 Global Shopping Festival.
“Globalisation is one of our key strategies for Alibaba. As part of this strategy, India is a very important topic. India is a very important market for us to look at,” said Daniel Zhang. “Before entering any new market, we ask ourselves how we can help the local market. For a market like India, the key aspect of our strategy is to help the local enterprises grow,” he added.
It's biggest bet in India, which costed them an investment of $1.4 billion in the payments wallet, is something the company is "happy" about.
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