#Laogao E-commerce Online Information# It is understood that Jack Ma has invested 4 billion yuan in India. Recently, Indian technology media Livemint selected the 40 most influential figures in the Indian venture capital circle in 2016, and Alibaba Chairman Jack Ma was on the list as the only Chinese selected.
In September 2015, Alibaba India invested US$680 million in mobile information company One97 Communications (parent company of Paytm) to become the largest shareholder. Paytm is a well-known payment platform in India. As of July 2016, there were more than 5,000 employees, 140 million registered users, and 3 million payments were completed daily (it is expected to exceed 5 million by the end of the year).
Also in 2015, the Wall Street Journal reported that Indian e-commerce company Snapdeal.com successfully raised $500 million, with investors including Alibaba Group, Foxconn and SoftBank. Alibaba's specific investment amount was not disclosed. At that time, an insider revealed that Alibaba invested $200 million in Snapdeal.
Jack Ma once told Indian media that online retail relies on the "iron triangle" of e-commerce platforms, payments, and logistics, and this is what he wants to do in India.
Some Indian media recently reported that Alibaba is negotiating with several industry giants such as Paytm and Snapdeal to further increase its shares, while exploring the possibility of establishing an independent business platform.
It is understood that Alibaba has opened an Indian channel specifically for Indian customers as early as 2008, and announced it to be a long-term strategic partner with India's well-known B2B media company Infomedia, planning to further expand its B2B e-commerce market share in India.
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