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It's China E-commerce entry into Indian space! How to profit from it? |
18 Sep 14 08:31 AM |
Yesterday, Chinese President Xi Jinping arrived in India for a three-day official visit. The Chinese President is expected to pledge billions of dollars for railways, industrial parks and roads in India. Like Xi, Chinese companies are making headways in Indian market. China's Alibaba has been in talks with snapdeal to enter into the e-Commerce space. We had already written how India’s top business people are investing chunk of money in the E commerce business. Wipro's Azim Premji and Infosys' N R Narayana Murthy, are rushing in to cash in the trillion-dollar e-commerce market space. Azim Premji has gone with the Myntra (recently acquired by Flipkart) and snapdeal while Murthy has placed his bets on global e-tailing giant Amazon. Ratan Tata has invested his personal money in Snapdeal, an ecommerce firm, at a time when online retail is generating investor euphoria on the back of exponential growth. There has been some big names in the last round of funding in Flipkart, which included existing investors Tiger Global Management and Naspers, Singapore's sovereign wealth fund, GIC, Accel Partners, DST Global, ICONIQ Capital, Morgan Stanley Investment Management and Sofina . In May, Flipkart acquired online fashion retailer Myntra for an estimated sum of Rs 2,000-crore. It had also announced an investment of USD 100 million (around Rs 600 crore) in its fashion business over the next 12-18 months. The competition to capture the ecommerce business has gone out of the frying pan into the fire when Amazon.com announced that it will invest an added $2 billion in India just after a day when its rival Flipkart announced a fresh round of funding worth $1 billion. It is obvious we cannot compete with these big giants to participate into this growth oriented E commerce companies. However there is an indirect way to milk from the emerging space. We would be discussing how to milk from the e-commerce business in our coming webinar which will be officially on air by this Sunday. If you are yet to subscribe to this webinar please use the following link to give your personal information: https://docs.google.com/forms/d/11weS9FUAS6dZ_wMdjgd4JFoyVr9YAzCkNLuDOdHEte0/viewform |
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