Wednesday 26 November 2014

Alibaba To Invest More In India

World’s largest online and mobile e-commerce company by GMV (gross merchandise value) said it plans to invest more in India and help technology entrepreneurs in the country.

Speaking at a FICCI event, Jack Ma, founder of Alibaba said “ the company is already working with many businesses in India and invest more in India, work with Indian entrepreneurs, India technologists to improve the relationship of the two nations and to improve the great lives of human beings”.

Praising Prime Minister Narendra Modi for his leadership, Ma said that it is the best time for both the countries to work together.

Terming India a nation of mobile phones, he said, this is a nation with which China can work together and it is a great opportunity for entrepreneurs of the two countries. Ma said that Internet is a young business for the young and India has a lot of young people.

Ma, the richest man in China with a fortune of about USD 24.4 billion, founded Alibaba in 1999 in Hangzhou, capital of east China's Zhejiang Province.



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