Amazon And Alibaba Will Dominate India'S Electricity Supplier Market In The Next Year?

It is learned that India pays and Online retailers Vijay Shekhar Sharma, chief executive of Paytm, said that the next year, India electricity supplier market The competition has become clearer and will focus mainly on Amazon and Alibaba Between the two enterprises.

"The India electricity supplier market is becoming the battleground of mature enterprises. In the next 6-9 months, the main market competitors will be determined. Logically speaking, you may need a strategic partner to fight against Amazon, so this is why people choose to cooperate with Alibaba, "Sharma said, suggesting that the India electricity market will begin to integrate.

Competition in India's electricity supplier market has been fierce. Earlier, Amazon and Flipkart announced that they would invest another US $3 billion in the face of pressure to seek new investment in the face of Flipkart and Snapdeal.

Goldman Sachs predicts that the India electricity supplier market will exceed US $36 billion in 2016-17 years. Alibaba intends to enter the market directly. It owns 40% of Paytm and has a solid foothold in the India market. Alibaba also owns 4% of Snapdeal.

According to Sharma, Paytm will divest the Paytm's payment and e-commerce platform business before and after Diwali (October). Paytm will set up a payment bank and divest its e-commerce platform. The electronic business platform will be set up as an independent company with a brand name, and shareholders will be the original shareholders of Paytm. The new electricity supplier will seek new investment, or acquisition and merger activities. Sharma said: "we will acquire suitable enterprises and expand our scale."