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)
Entrepreneurs in Pune, want to know how to pitch to the right personnel to build global companies? Come visit us on 7th Jan 2017 at The Mesh, Bungalow No 15, S B Road, Pune.
Limited seating, tickets selling out soon!