Thursday, November 27, 2014

China's Poster Boy Jack Ma's intent to grab a chunk of the Indian ecommerce pie can make way for other biggies


The inevitable has happened. Finally Jack Ma has gone public with his intent of being seen and heard more in India (read more visits, more press interaction, hobnobbing with the e-railers, and greater presence in the indian ecommerce industry). Good for our retailers(small scale traders)...if Ma can tweak technology a bit, make things easy for Indian suppliers to sell products on Alibaba good..... rejoice. However is that all that meets the eye? Is he is planning to buy a stake in one of the Indian Ecommerce success stories. For one, our bigwigs need strategic alliance, expert knowhow and funds to remain afloat amid cut throat competition. We have been witnessing the big war between the biggies (read flipkart, snap deal, Amazon, and the likes). What can our ecommerce players learn from Alibaba? Well to start with they can learn: -How to stay ahead of competition -How to remain profitability year-on-year -How to innovate and realign with the exiting market conditions -How to make consumers feel like a king This list is endless. Following Jack Ma's lead, we may expect big announcements from other popular etailers across the globe as Indian consumers cannot be ignored anymore. However currently we are waiting to hear about movers and shakers in the ecommerce industry. Mergers and Acquisitions no more look like a distant dream. Last but not the least....don't forget, Alibaba is scouting for Indian talent. Soon we may hear some shaking news....

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