mjunction gets ready to take on Alibaba
It's not just e-commerce players like Flipkart and Snapdeal that are gearing up for Chinese major Alibaba's big India play.
India's largest business-to-business online marketplace mjunction, too, is planning an expansion drive in the west, north and southern regions of the country, driven by the Alibaba factor.
mjunction, a joint venture of Tata Steel and SAIL, with business segments such as metaljunction, coaljunction, valuejunction, buyjunction, straightline and financejunction, had provided technical solution for spectrum auction in March 2015.
The company believes the threat would come from China and not the US. "We are preparing, reinforcing, strengthening ourselves to take on Alibaba. I do not see at this point of time any internal competitor,'' said Viresh Oberoi, founder, chief executive officer and managing director of mjunction. Alibaba started off in the business-to-business space and they are masters at that, Oberoi said.
Founded in February 2001, mjunction offers a wide range of sales, fulfilment, sourcing, procurement, channel management, transaction processing and knowledge services across diverse industry verticals.
It has transacted business worth Rs 4,22,720 crore through 200,000 companies till FY16. These firms use mjunction’s e-platforms to buy or sell products, commodities and services online.
Although the company does not use gross merchandise value (GMV) as a ... Read full story
India's largest business-to-business online marketplace mjunction, too, is planning an expansion drive in the west, north and southern regions of the country, driven by the Alibaba factor.
mjunction, a joint venture of Tata Steel and SAIL, with business segments such as metaljunction, coaljunction, valuejunction, buyjunction, straightline and financejunction, had provided technical solution for spectrum auction in March 2015.
The company believes the threat would come from China and not the US. "We are preparing, reinforcing, strengthening ourselves to take on Alibaba. I do not see at this point of time any internal competitor,'' said Viresh Oberoi, founder, chief executive officer and managing director of mjunction. Alibaba started off in the business-to-business space and they are masters at that, Oberoi said.
Founded in February 2001, mjunction offers a wide range of sales, fulfilment, sourcing, procurement, channel management, transaction processing and knowledge services across diverse industry verticals.
It has transacted business worth Rs 4,22,720 crore through 200,000 companies till FY16. These firms use mjunction’s e-platforms to buy or sell products, commodities and services online.
Although the company does not use gross merchandise value (GMV) as a ... Read full story
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