Jack Ma during his last visit in India said that Alibaba was keen to invest more funds in India.
Chinese e-commerce giant Alibaba's chairman, Jack Ma on his meeting with PM Narendra Modi in India has expressed interest on empowering small businesses as a expansion plan in India.
"Had a very good meeting with Jack Ma," said Modi.
"Jack meets Indian Prime Minister Narendra Modi to discuss how Alibaba can help empower small businesses in India," tweeted Alibaba Group.
Alibaba Group began in the year 1999 when Jack Ma founded the website Alibaba.com, a business-to-business portal to connect Chinese manufacturers with overseas buyers. In 2012, two of Alibaba's portals earned 1.1 trillion yuan ($170 billion) in sales.
On 19th September 2014, when Alibaba raised $25 billion in an initial public offering (IPO), Alibaba's market value was measured as $231 billion.
"Alibaba is the world's largest online and mobile commerce company by GMV (gross merchandise value) in 2013," revealed the research firm IDC.
As per the media reports, Jack Ma during his last visit in India said that Alibaba was keen to invest more funds in India and will work with Indian technology entrepreneurs as he believes Internet can transform the country's future.
"Over the next three years, one of the key strategies for Alibaba is to globalise and to make sure that we can help more small businesses around the globe, use our services to do businesses," said Ma.
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