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China's Alibaba to fund mobile commerce start-up incubator in India

(Xinhua)    20:34, April 01, 2015
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NEW DELHI, April 1 -- China's Alibaba group will set up a start-up incubator for mobile internet and mobile commerce in the southern Indian city Bangalore, said local daily the Times of India Wednesday.

The project will be set up with the Globals, a Bangalore-based mobile and analytics solution company, after a meeting between Alibaba chairman Jack Ma and Globals founder Suhas Gopinath.

The two companies want to focus on mobile internet as e- commerce is moving rapidly to mobile.

"It becomes easier to mentor the startups, and find the right set of funders if you have a focused incubator," the report quoted Gopinath as saying.

The idea for the incubator came from Guru Gowrappan, chief operational officer and head of product and marketing in Silicon Valley-based Quixey, of which Alibaba is an investor.

The project is expected to start by May or June, according to the report.

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Editor:Kong Defang,Yao Chun)

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