Absrtact: Flipkart, India's largest electric company with 22 million employees, dreamed of becoming China's Alibaba, a front-runner in India's E-commerce market. However, in the face of the competitive market environment, Flipkart is struggling with two other power companies
Flipkart, India's biggest electric company with 22 million employees, is dreaming of becoming China's "Alibaba", a front-runner in India's E-commerce market. However, in the face of fierce competition in the market environment, Flipkart is struggling with the other two power companies to compete for turf, staged a no smoke of the "Three Kingdoms hegemony."
Only a day after Flipkart raised 1 billion dollars to finance the development business, Amazon, the world's biggest electric company, announced it would invest $2 billion to expand its Indian business, a move that has a strong taste for Flipkart to "declare war". According to this momentum, India's other major local electric network Snapdeal for more financing to compete for the market, I am afraid it is only a matter of time.
India's E-commerce market is smaller than China's, but its online sales of $2.3 billion a year are growing rapidly. Analysts expect the figure to change to $3.2 billion in the next 6 years. The broad market Outlook determines that no electric company can dominate India.
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