Alibaba signs deal with RMZ owned CoWrks for 30 seats

To expand its presence in India, Alibaba, Chinese e-commerce company, has rented 30 seats in a flexible office in Bengaluru.

It is the second office for the company in the country. Last year, Alibaba had opened its first dedicated office in Mumbai.

The company has inked a deal for the dedicated seats or private studios with co-working community venture CoWrks.

CoWrks is owned by RMZ, which is one of the largest commercial real estate developers in the country.

According to sources, "The company has opted for a dedicated seat and has teams including admin, HR and operations working out of CoWrks in RMZ infinity in Bengaluru. Alibaba will be paying Rs 20,000 per desk per month."

Sidharth Menda, CEO, CoWrks, said, “A lot of corporate have been rethinking their real estate strategy to now include working out of CoWrks."

He added, "This is due to the opportunity to work alongside a highly engaged and entrepreneurial community, which directly improves productivity. Employees prefer to hang out in the office till much later with like-minded people."

Alibaba has been trying to expand its presence in India as it looks to take on Amazon and Flipkart in India’s highly competitive e-commerce market.