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Alibaba.com Eyes India…But No Plans Yet For Acquisitions Or Even An Office Here

By Nikhil Pahwa - Mon 17 Dec 2007 02:05 AM PST

Alibaba.com, the Hong Kong Stock Exchange listed B2B arm of the Alibaba group of companies is eying India as a priority market. The company claims to have a customer base of 340,000 from India, and is targeting around 600,000 by the end of next year. However, there are no immediate plans for acquisitions or even setting up an office in India, Brian A Wong, Sr. Director (International Business Development & Marketing) told PTI, though the story does mention “the roll-out of its aggressive expansion programme in India”. Alibaba.in appears to be taken...Nevertheless, this should be good competition for eBay India, which has recently launched an advertising campaign on TV.

Yahoo (NSDQ: YHOO) owns 39 percent of the Alibaba Group, and had purchased a direct 1 percent stake in Alibaba.com, spending $100 million for 57.5 million shares, at $1.74 per share. More here.

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4 Responses:

From SB Sat 29 Mar 2008 09:52 AM

Alibaba.com has nothing to do with eBay as they are not compititors. Alibaba is a B2B marketplace whereas eBay is a B2C platform. You should atleast know this before writing on this topic...sad

From WY Sat 05 Apr 2008 02:01 PM

You should be sad with your stupidity. Alibaba group owns Alibaba.com (B2B marketplace) and Taobao.com (B2C auction website).

From UDAYAN GHOSH Sat 07 Jun 2008 04:59 AM

Mr Nikhil

I think Yahoo has nearly 40% share (monetory term) and 35% voting rights in Alibaba Group (no direct share in alibaba.com).