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Chinese e-commerce player Alibaba has initiated talks with the Indian retail giant Reliance Retail, as per the media reports. Alibaba may form a JV with Reliance Retail with an investment of US$ ~5bn.
Alibaba’s leading platform Tmall caters to consumers looking for branded products and a premium shopping experience. A large number of international and Chinese brands and retailers have established storefronts on Tmall.
Tmall was China’s largest third-party platform for brands and retailers in terms of gross merchandise value in 2017. Further, it has platforms like Taobao.com and AliExpress in the online retail space.
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