29 December 2016, India:
Alibaba is all set to open a alavish office in Mumbai’s prime area- Bandra-Kurla Complex as per Business Standard report.
“Given the kind of merchant network they have, India is definitely a potential market for them,” says Devangshu Dutta, chief executive of Third Eyesight, a consultancy for e-commerce firms. “There needs to be significant investment from Alibaba because Amazon is on a high and though Flipkart and Snapdeal are on a low, they’ve invested significant money in the delivery network.”
Girish Shah, a director at The Wadhwa Group which owns the Platina building, talked about the development to Business Standard. “They are one of the most exciting and thriving e-commerce companies that have come to India, and we’re glad to provide them with 3,221 sq ft of a highly professional set-up, at a competitive rental rate, here in BKC,” he said.
Founded by Jack Ma in 1999, Alibaba will be setting up a office at Platina in the Bandra-Kurla Complex (BKC) in Mumbai, closer to that of US rival Amazon. (Photo- Imagine China)
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