Valuing India's Paytm E-Commerce Private Limited at about $1 billion, China's Alibaba Group Holding Limited, will invest $180-200 million in the online retailer, taking the stake of Alibaba and its affiliate Ant Financial to more than 50 percent. Paytm e-Commerce is an entity created by Noida-based One97 Communications Ltd., which...
Government Infrastructure in Rural Areas to Boost E-Commerce in India
A strategic component of the India's National eGovernance Plan consists of setting up Common Services Centers (CSCs). These centers are ICT enabled front end service delivery points at the village level for the delivery of government, financial, social and private sector services in the areas of agriculture, health, education, entertainment,...
Why is China's Alibaba Investing in India’s e-Commerce Market?
The number of smartphone-using Indians runs into millions and they are the key growth drivers of India’s burgeoning e-commerce sector. Quartz quotes technology consultancy firm Forrester Research which reports that by 2016, more online commerce consumers will make their purchases from mobile phones, instead of desktops, and by 2019, the...
SoftBank to Invest $10 Billion in India
SoftBank plans to invest more than $10 billion in India, after Prime Minister Narendra Modi and telecom minister Ravi Shankar Prasad separately met the Japanese telecom and Internet giant's chairman Masayoshi Son. Son pegged India as the company's top priority. In his meeting with Prasad, Son highlighted the company's bullish...