“Globalisation is one of our key strategies for Alibaba. As part of this strategy, India is a very important topic. India is a very important market for us to look at,” said Daniel Zhang, the CEO of Alibaba Group Holding. “The key aspect of our strategy is to help the local enterprises grow in the country.”
Happy to see Digital Payments grow in India
Alibaba which has invested in Indian digital payment platform Paytm to become the largest stakeholder is happy to see digital payments growing in India.
“We have invested in Paytm. We are very happy to see digital payment becoming so popular in India. This is one of the best examples to demonstrate how we want to help the local markets grow,” Zhang said.
Alibaba was founded in 1999 by Jack Ma as a platform to connect Chinese manufacturers with the world. The company soon rose to become the largest ecommerce platform in the world. Alibaba is among the top 10 biggest companies of the world which has over 500 million monthly active users across its platforms. The e-commerce also offers electronic payment services, shopping portals and cloud-computing.