Alibaba to Compete with Amazon and Flipkart by Taking Over Paytm Mall
Alibaba to Compete with Amazon and Flipkart by Taking Over Paytm Mall Around 70 percent of the eCommerce market in India is divided between Amazon and Flipkart, leaving little to no space for competitors. Chinese e-commerce giant Alibaba seeks to change the landscape by taking overPaytm Malland developing a well rounded platform which covers everything from digital payments to entertainment. Citing sources familiar with the matter, today’sreportfromFactor Dailyclaims that Alibaba intends to invest $2 billion in Paytm Mall and use the money to offer products at 20-25 percent cheaper than its competitors – Amazon and Flipkart....