Alibaba join hands with India domestic electricity Paytm
- Author:Gemini
- Source:www.ramjoinwin.com
- Release Date:2016-01-06
According to Indian business standard newspaper reported on January 4, China's electricity giant alibaba plans to further develop the Indian market in 2016.
Earlier alibaba group have invested large Indian electricity Paytm and Snapdeal Paytm this year plans to invest $400 million to develop "China - India" electricity business.
The news that as Paytm ONE97Communications parent company's largest shareholder, alibaba will provide a powerful online product supply channels.
Back in November DIWALI festival in India (hanukkah) before and after Paytm and alibaba has been testing the waters "between China and India" electricity business.Paytm online link to alibaba home page, users can shop online, all products will supply directly from China to India.
Paytm currently has 100000 online merchants, while its rivals Snapdeal and it was 20 and 800000, respectively.Under the help of alibaba, Paytm intends to introduce this year (link) one hundred million sales sheet is tasted, aggressively to capture electric dealer market in India.