FILE PHOTO: Jack Ma, chairman and then-chief executive officer of Alibaba Group Holding Ltd., laughs at a news conference in Hong Kong, China, on Tuesday, Nov. 6, 2007. Alibaba, which rode China's emergence as an economic superpower over the last 15 years to become a massive online marketplace for everything from forks to forklifts, filed today for what could become the largest U.S. initial public offering ever. Photographer: Daniel J. Groshong/Bloomberg *** Local Caption *** Jack Ma

Sachin Bansal Takes On Alibaba; Gets The Instant Retaliation From Kunal Bahl

26 March, 2016, New Delhi: Chinese ecommerce giant, Alibaba is about to set the stage on fire as the company is all set to roll out its operations in India. However, few sparks could easily be seen before the final curtain raiser as its counterparts decided to take the company for a verbal ride on Twitter.

A tweet of Sachin Bansal, Co-Founder, Flipkart has put him on the firing line against Kunal Bahl, CEO, Sanpdeal. Commenting on Alibaba’s recent investments in Indian ecommerce companies, Bansal tweeted-


Retaliating on Bansal’s tweet, Bahl wrote-

The tweet referred to the recent reports of Morgan Stanley’s mark down of the value of Flipkart’s shares by 27 percent, bringing down the company’s valuation to around $11 Bn in February.