Chinese E-Commerce Firm Alibaba To set up Office in Mumbai

Chinese E-Commerce Firm Alibaba To set up Office in Mumbai 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 The Alibaba's Chairman Jack Ma appointed adviser to UN

trade bodyWadhwa 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.

Alibaba

♦  Alibaba is a Chinese e-commerce company that provides consumer-to-consumer, business-to-consumer and business-to-business sales services via web portals.

♦ Founder: Jack Ma

♦ Founded: April 4, 1999

♦ Headquarters: Hangzhou, China