Jack Ma inspired by Narendra Modi’s speech, plans to invest in India
Jack Ma, China's wealthiest man and the executive chairman of Alibaba arrived in India today. On his arrival, Jack Ma revealed that India is a better market to invest in and is inspired by his Prime Minister Narendra Modi’s speech on business.
He also stated that several business firms in India use technology developed by China. Meanwhile, Indian spices, chocolates and tea are in great demand by entrepreneurs in China. This indicates better business relationship between the two countries.
Alibaba will globalise business in the next few years, highlights Jack Ma. The Internet business can be considered as the business of young people. Internet can boost the business sector of India.
Media reports state that Jack Ma will reportedly be meeting the chief of Snapdeal, Kunal Bahl. This hints that he might join hands with Snapdeal, thus planning some investment in the Indian market.
Right now is a wonderful time for the businesses of India & China to work together - Jack Ma, Chairman, Alibaba pic.twitter.com/Z2rytpud5Y
— FICCI (@ficci_india) November 26, 2014 