Home / Knowledge / News / Apparel/Garments / Jack Ma discusses small business empowerment with Modi
Jack Ma discusses small business empowerment with Modi
31
Mar '15
Mr. Jack Ma (Left) with Mr. Modi/PIB
Mr. Jack Ma (Left) with Mr. Modi/PIB
Jack Ma, founder and executive chairman of Chinese e-commerce giant Alibaba Group called on Prime Minister Narendra Modi in New Delhi, during his second visit to India in just about four months.
 
In his meeting, Ma discussed with Modi how Alibaba can help small businesses in India, the Hangzhou-based company said.
 
Post-meeting, Modi tweeted “Had a very good meeting with Jack Ma”. In a separate tweet, Alibaba Group said, “Jack meets Indian Prime Minister Narendra Modi to discuss how Alibaba can help empower small businesses in India.”
 
Ma, the richest person in China with wealth of around US$ 24.4 billion, could not meet Modi during his last India visit in November 2014.
 
During the visit, Ma had said that Alibaba was keen on investing more in India, and the group would work with Indian technology entrepreneurs as Internet could transform the country’s future.
 
“We will improve our platform and technology in the future. Internet is changing the world and Internet will change India too,” Ma had said at an event during the visit.
 
In terms of gross merchandise value (GMV), Alibaba was the world’s largest online and mobile commerce company in 2013, according to research firm IDC.
 
One of the key strategies of the Chinese Business-to-Business (B2B) e-commerce company is to have worldwide presence in order to help more small businesses across the globe.
 
In September 2014, Alibaba raised a record $25 billion through initial public offering (IPO) in the US.
 

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search