As its business matures at home, Chinese e-commerce giant Alibaba Group Holding Ltd. is looking to boost growth elsewhere in Asia — especially India, home to a nascent but fast-growing online shopping sector.
Here’s how — and why – it is targeting the world’s second-most-populous nation.
1.2 billion
The number of customers outside of China that Alibaba would like to reach, according to the company’s Chairman Jack Ma.
$127 billion
The projected value of India’s e-commerce market in 2025, up from $11.2 billion last year, according to Goldman Sachs Global Investment Research.
$500 million
The amount of money New Delhi, India-based e-commerce startup Snapdeal.com raised in a fundraising round led by Alibaba last year.
More than $500 million
The amount Alibaba and its affiliate Ant Financial Services Group last year paid for 40% of One97 Communications, the parent company of Noida, India-based online-payment and marketplace startup Paytm.
2 or more
Prominent executives Alibaba has hired in recent months who have experience in India’s e-commerce sector.
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