Alibaba Makes Profit In India; Flipkart Remains In Loss Even After 6 Years Of Operation
Advertisement
Advertisement
Advertisement
As per the latest financial numbers available with the Registrar of Companies, the Indian arm of Alibaba made a profit of more than Rs 1 crore on the sale of Rs 20 crore in FY2012-13. "We are currently in a quiet period," said Pamela Munoz, manager, international corporate communications, at Alibaba.
Over 1.3 million suppliers are registered on the website of Alibaba's Indian wing, which is second only to China's 8.2 million, which is its home market. Alibaba runs an online business-to-business (B2B) marketplace, whereas Amazon and Flipkart directly sell products to end consumers.
Advertisement
- I got a $40K raise using this 30-second strategy. It made me realize loud work, not hard work, always wins.
- Qatar Airways' new CEO explains why it's sticking with the Airbus A380 as other airlines retire the costly superjumbo
- Prince Harry and Meghan found out about Kate Middleton's cancer diagnosis on TV like everyone else, report says
- Sustainable Event Planning
- Ambani, Adani collaborate: RIL picks 26% stake in Adani Power project
- As back-to-office avatars turn casual, comfy sneaker sales pick up pace
- Fresh photographs of Milky Way’s black hole Sgr A* reveal strong, twisted magnetic field similar to M87*
- 8 Lesser-known places to explore in Himachal Pradesh