Caixin
BUSINESS & TECH

For Alibaba, India Is the New China

By Zhang Yuzhe and Han Wei
Partnering with Alipay, Paytm is making mobile payment available to many streetside shops in India. Photo: IC
Partnering with Alipay, Paytm is making mobile payment available to many streetside shops in India. Photo: IC

(Beijing) — India has become the new China for many international tech companies as they seek better growth opportunities, and e-commerce giant Alibaba Group is at the center of the action.

Having conquered the world's most-populous nation with its online shopping platform and mobile-payment services, Alibaba is targeting India's nascent but booming market for online payments as a springboard to expand into its Asian neighbor and beyond.

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