For Alibaba, India Is the New China

(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.