Flipkart, Amazon following American model in India: Jack Ma

March 31, 2015 7:07 AM

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Flipkart, Amazon following American model in India: Jack Ma

NEW DELHI: Alibaba founder Jack Ma is back in the capital after a gap of four months and has backed business-to-business (B2B) e-commerce as the model best suited for India and China, while pointing out that B2C, being pushed by the likes of Amazon and Flipkart, was the American model.

Ma — a schoolteacher who became China's richest man after listing Alibaba last year — met Prime Minister Narendra Modi on Monday and indicated to the possibility of a larger India presence, sources said.

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