Alright – so Alibaba is entering India and while that’s a great reinforcement of Indian ecommerce opportunity, it also says a few things about Alibaba’s investment in Paytm ($680mn) and Snapdeal ($500mn round).
Flipkart’s Sachin Bansal sums it cleverly
Alibaba deciding to start operations directly shows how badly their Indian investments have done so far
— Sachin Bansal (@_sachinbansal) March 25, 2016
Kunal Bahl takes a shot at Flipkart over the much talked about 27% drop in valuation
Didn't Morgan Stanley just flush 5bn worth market cap in Flipkart down the 🚽? Focus on ur business not commentary 🙂 https://t.co/8NpkhWWo2j
— Kunal Bahl (@1kunalbahl) March 25, 2016
Now wait for Paytm to do a PR?
The State of Indian Ecommerce
This pretty much describes it.