Alibaba India has partnered with Infomedia for their India portal – http://www.alibaba.com/countrysearch/IN/India.html
Last year, Alibaba raised $1.7 billion via IPO and plans to use ~60% of the fund raised for strategic acquisitions and global expansion – apart from India, the company is also making inroads into Philipines, Thailand, Vietnam etc – i.e. emerging markets, which aren’t very structured but has huge upside potential.
Alibaba currently has ~400K Indian suppliers and is targeting the 8 mn Indian SMEs that account for nearly 40% of the country’s industrial output.
According to industry estimates three million SMEs are engaged in B2B trade and around a million are in the export business. With this partnership, Alibaba.com is expecting to double its Indian membership base in the near future.