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Alibaba in talks with Reliance Retail to set up 'mega' joint venture; may invest $5 billion

Alibaba in talks with Reliance Retail to set up 'mega' joint venture; may invest $5 billion

The mega JV is being planned by Alibaba and Reliance Retail to challenge the likes of Flipkart and Amazon who have been making significant inroads in the Indian e-commerce industry.

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To Challenge Walmart-Flipkart, Amazon May Target Birla's Retail Chain Of Stores 'More' - Inc42 Media
Walmart Completes Flipkart Deal, Says No Change In Management - BloombergQuint
New class of single urbanites emerges as 'super consumers' - Times of India

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