India a front in global e-commerce proxy war
Monday, March 6, 2017, 7:19 PM
Global tech giants are moving towards a proxy war in India. Alibaba is heading a $200 million investment into Paytm’s marketplace, creating a new Indian unicorn. This move confirms the intention of the Chinese giant Alibaba, to take on Amazon which is aggressively ramping up, investing $5 billion into its local operation as other homegrown rivals fall aside.