In the past, speaking to the media, Xiaomi India Head Manu Jain had said the firm would consider manufacturing TV locally but that would completely depend on the volume of order. "We intend to manufacture more products other than smart phones in India."
Alibaba group's B2B arm Alibaba.Com today said it aims to more than double its user base in India over the next few years through on-boarding of over 5 million businesses on its wholesale trading platform.
Chinese online major, Alibaba Group Holding Ltd is ready to work with eBay Inc's PayPal to expand its payment options, Bloomberg reported, citing an interview with the Chinese e-commerce company's Vice Chairman, says a Reuters' report.
Riding the crest of the world's biggest IPO, Jack Ma, founder of e-commerce giant Alibaba, has become the richest man in China with a fortune of USD 24.4 billion, says PTI citing the annual list of the country's wealthiest people.