Alibaba and Foxconn Invest Jointly in Indian E-commerce Market
ANBOUND
It is reported that Alibaba and Faxcoon are negotiating joint investment in Indian e-commerce SNAPDEAL. ANBOUND research team points out that this investment can accelerate Alibaba's expansion in India’s rapidly growing e-commerce market. And for Faxcoon, this investment can help it to enter the field of e-commerce and expand its manufacturing businesses in India. The joint investment of the two companies will help them to enter Indian e-commerce market.