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Mar 06, 2013
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Rising labour cost in China forces Alibaba.com to focus on India
Alibaba.com International, the over $4-billion Chinese e-commerce giant, has identified India as a major focus market for its expansion outside its home country. The internet company, part of the Alibaba Group, valued at around $50 billion, is one of the leading global e-commerce platforms for small businesses that currently has over 2.9 million users in India, which is 10% of its global membership.
“India is one of the biggest manufacturing hubs after China, and is proving to be a great growth market for us. India has become a major focus for Alibaba now,” Khalid Isar, country general manager, Alibaba.com International, told FE.
According to Isar, the company decided to expand its reach beyond the home market two years ago. India figures hugely in its game plan as most of the suppliers were acquainted with English, which is a natural advantage for the buyers of the European Union and the US. He also added that with labour cost increasing in China, India is proving to be a cost -ffective supplier.
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http://www.financialexpress.com
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