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Chinese E-Commerce firm Alibaba to set up office in Mumbai

Chinese E-Commerce firm Alibaba to set up office in Mumbai
30 December 2016 Current Affairs: Chinese major e-commerce entity, Alibaba is to set up its first Indian office at Bandra-Kurla Complex (BKC) in Mumbai, to take the advantage of the growing e-commerce market in the city.

The company has rented 3,221 sq ft of office space at Platina building owned by the TheWadhwa Group and would pay Rs 275 per sq ft on a monthly basis. The rent of the building is expected to be a little over Rs 1 crore per month.

Alibaba’s biggest rival Amazon India too has a 30,000 sq ft head office in the same BKC area.

Alibaba aims to have some share of the growing e-commerce market which is currently dominated by home-grown Flipkart, followed by Amazon and Snapdeal.


February 2017 Current affairs
27 FEB
NEWS
25 FEB
NEWS
24 FEB
NEWS
23 FEB
NEWS
22 FEB
NEWS

January 2017 Current affairs
31 JAN
NEWS
30 JAN
NEWS
28 JAN
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27 JAN
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25 JAN
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24 JAN
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December 2016 Current affairs
31 DEC
NEWS
30 DEC
NEWS
29 DEC
NEWS
28 DEC
NEWS
27 DEC
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26 DEC
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November 2016 Current affairs
30 NOV
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29 NOV
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28 NOV
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26 NOV
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25 NOV
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October 2016 Current affairs
31 OCT
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27 OCT
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26 OCT
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25 OCT
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24 OCT
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22 OCT
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