Business
The e-commerce war is on.
Updated : Mar 21, 2018, 05:06 AM IST
Earlier this month, Chinese e-commerce major Alibaba Group's Jack ma announced his plans of entering India to build businesses organically. The company is currently evaluating all opportunities to do so or any other avenue that might come along.
The start-up and e-commerce community is keenly eyeing the developments around Alibaba's -- which has already made investments in Paytm and Snapdeal -- announcement.
However, there's one person who's not quite on the same bandwagon, and that's Flipkart CEO Sachin Bansal who took to Twitter on Friday evening, slamming Alibaba and its India investments. He tweeted,
Alibaba deciding to start operations directly shows how badly their Indian investments have done so far
— Sachin Bansal (@_sachinbansal) March 25, 2016
The comment was looked upon as a direct hit from Bansal to Snapdeal's Kunal Bahl, who retorted with as much gusto.
Bahl tweeted, saying, "Didn't Morgan Stanley just flush five billion worth market cap in Flipkart down the flush? Focus on your business not commentary."
Didn't Morgan Stanley just flush 5bn worth market cap in Flipkart down the flush? Focus on ur business not commentary :) https://t.co/8NpkhWWo2j
— Kunal Bahl (@1kunalbahl) March 25, 2016
Looks like the war is on.
However, while the two e-commerce honchos fight it out on Twitter, the telecom and communications minister, Ravi Shankar Prasad has said earlier, "We hope Alibaba will come and have a good footprint in India, including the expanding business of e-commerce (for which) they are exploring the possibility."