07-Feb-18, Financial Times

When Alibaba reported sales of USD25 bn on its Singles’ Day extravaganza in Nov-17, the sum comfortably surpassed estimates of total Indian ecommerce turnover in the whole of last year. 

Alibaba targets India as key e commerce battleground (c) Morgan Stanley Research FT]

Image: Morgan Stanley Research / FT

That has not stopped the Chinese tech giant from making India its first major overseas foray. It has secured a USD200 mn stake in leading online grocery group BigBasket, while its payments affiliate Ant Financial agreed to pump the same sum into food-ordering app Zomato. 

These moves came on the heels of a recent investment in logistics group XpressBees, which slotted in the final element of a three-pronged business model that Alibaba honed on its home turf: shopping, payments and delivery.

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