So, is Alibaba taking over Flipkart?
Indian ecommerce is an interesting industry. It's skyrocketed in the recent times, with no profit making strategy and by burning investor's money. Yeah - almost all of the e commerce companies in India are making loss on every transaction. How do these companies stay relevant in the longer run? No one knows! There will have to be a time when the companies will have to stand on their own feet!
What I've been hearing now is that Alibaba is looking to acquire Flipkart; a major stake in it; if not the controlling one. Flipkart's currently valued at $15 billion; which I think is way more than what it's worth.
Acquisition or a major stake in Flipkart will give Alibaba a stronger position against threat from Jeff Bezos' Amazon which ain't got any scarcity of cash.
What do you think? Alibaba's entry will make the game more interesting?
