Alibaba looks to focus on small deals in India
5 May 2019 6:58 PM GMT
The Chinese e-commerce firm is likely to make more vertical e-commerce investments and smaller deals.The potential shift in strategy follows Alibaba?s disappointments at some of its large e-commerce bets in India
- Alibaba Group Holding Ltd is reviewing its India investment strategy that could see the Jack Ma-led Chinese e-commerce giant take a more judicious approach by making more vertical e-commerce investments and smaller early-stage deals, three people aware of the matter said.
- Alibaba's experiences in India have made the Chinese firm reconsider its future investment areas and the size of investments, said the people cited earlier.
- While Alibaba is still bullish on India, it will look for more vertical e-commerce firms to invest in, which will provide support to its existing business," said a third person, who works closely with Alibaba and other Chinese investors.
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