Alibaba set to just take B2B in India to some whole new level, to help sellers on its platform.
While Alibaba puts in place its plans of entering the consumer-facing e-commerce space in India, the CEO Jack Ma -directed Chinese e-commerce
While Alibaba puts in place its plans of entering the consumer-facing e-commerce space in India, the CEO Jack Ma -directed Chinese e-commerce behemoth has also taken several steps to strike its existing business-to-business to improve marketplace enterprise here in India.
According to some sources, Alibaba might associate with DHL and Delhivery to provide Indian sellers with domestic and international logistics support as well as financial support with the aid of its already existing partners like Aditya Birla Group's NBFC arm, IDFC Bank, and Kotak Mahindra Bank.
Some players already exist in this space like IndiaMART and startups including Moglix, mSupply.com, and Ofbusiness, besides Amazon Business, which includes a small presence here.
There have been rumors about Alibaba's entering into the consumer e-commerce market where it's a small investor through acquisition, which will pit it against Snapdeal, Flipkart, and Amazon.
An Alibaba spokesperson supported the ventures.
"Their B2B platform continues to be about for years, but they haven't been able to make much progress scaling it. Now it seems they're looking to concentrate on the B2B side by helping sellers. They'll also bring in Chinese sellers onto the site as they have great depth in the merchant ecosystem back home," a person privy to the developments told TOI.
The amount was almost the same a year ago.
Alibaba has been operating in India since 2007, and it had claimed that its market had 4.46 million documented Indian buyers and sellers at the end of 2014.